Case Study You have recently joined a SME as a senior accountant, where you have noticed that the department does not have a standardized policy and procedure. The company has three branches, each under a separate CR where their operations are: - Project management - Legal - Support services The accounts are managed by you, under the support services. All accounting functions, budget management, management reports, payroll, and monitoring of financial trends is under your responsibilities. Create an accounting policies \& standard operating procedure for your department taking into consideration VAT and consolidation of audits of subsidiaries companies Assessment 1 - Evaluate the candidates' technical skills in understanding the accounting function and operations. - Company is a SME with upto 35 employees combined - Transactions are mostly credit based with no cash transactions - Periodic cheque issuance - Most clients are on retainer basis