1. Following are selected tasks from the job description of a staff accountant at Purft, Inc.:Endorsement, coding, and recording of checks received for deposit reconciliation of the accounts receivable sub-ledger to the general ledger reconciliation of the accounts payable sub-ledger to the general ledger reconciliation of investment and borrowing sub-ledgers to the general ledge railing of checks to vendorsRecording of fixed asset transactions, including updates to the asset master file you have been asked to "prepare a" memorandum discussing the internal control issues relating to the selected tasks from the job description. REMINDER: Your response will be graded for both technical content and writing skills. Technical content will be evaluated for information that is helpful to the intended reader and clearly relevant to the issue. Writing skills will be evaluated for development, organization, and the appropriate expression of ideas in professional correspondence. Use a standard business memo or letter format with a clear beginning, middle, and end. Do not convey information in the form of a table, bullet point list, or other abbreviated presentations.

20 points

Your answer

2. You have a new client, Ms. Amy Pemberton, who is in the process of forming a new company and has asked for your assistance in developing a system of internal control. She would like to start on a very positive note and is very concerned about promoting ethical behavior within her company. She has been reading about COSO's integrated framework and is curious as to what she should do to make certain that she establishes the appropriate control environment. She would like you to describe the control environment component of internal control and the five principles that relate to it.REMINDER: Your response will be graded for both technical content and writing skills. Technical content will be evaluated for information that is helpful to the intended reader and clearly relevant to the issue. Writing skills will be evaluated for development, organization, and the appropriate expression of ideas in professional correspondence. Use a standard business memo or letter format with a clear beginning, middle, and end. Do not convey information in the form of a table, bullet point list, or other abbreviated presentations.

20 points

Your answer

3. The human resource manager at Revive Co. is considering allowing more employees to work from home for one or two days a week. Some of the department managers are eagerly encouraging the idea. Write a memo to the department managers explaining the advantages and disadvantages of telecommuting.

15 points

Your answer

4. In your role as CFO, you are part of the team that regularly evaluates internal control. In its risk assessment your team has identified a concern that your workforce may not be adequately prepared for anticipated changes in technology. The change will affect the manufacture of a specific part that is a device used along with the company's main product. The team has asked you to identify the alternative ways in which the entity could respond to this risk and to prepare a memo to the team explaining the choices and indicating your recommendations.REMINDER: Your response will be graded for both technical content and writing skills. Technical content will be evaluated for information that is helpful to the intended reader and clearly relevant to the issue. Writing skills will be evaluated for development, organization, and the appropriate expression of ideas in professional correspondence. Use a standard business memo or letter format with a clear beginning, middle, and end. Do not convey information in the form of a table, bullet point list, or other abbreviated presentations.

20 points

Your answer

Your answer