Internal Control Guide

(Hallo, Director) It with great pleasure that I write to you this proposal of establishing a strong ingrained control which I believe you croak find of importance in ensuring that all the hotel assets and properties ar well secured and maintained. In my first three month in this hotel I fetch notable a lot of risk exposures that throw make the hotel loose the core value of any(prenominal) craft venture, which is to maximise profit. The employee of this institution do not appreciate the spot of internal control and they view this has trying to victimize them or flavour for their mistakes. Sir, I believe it through your office any purposeful internal control can be nurtured in this makeup and with your wisdom we shall be able to form a dangerous team to ensure smooth and consistence geo system of ratiocinative period of all processes in the hotel. For instance I stick noted a serious problem with our stock and silver come; our creditors always n eed their payment on contract still our debtors do not pay as per condition clock time and I am sure you are aware we have a very high reduce of debtors which is not health to our organization. Our stocks also do not residuum; physical weigh has never tallied with what is in the system at anytime, this beat the logic of stock control. I humbly put across your support and advice on how to implement the proposal below.

Guide to familiar watchs Table of Contents Overview fiscal Responsibility: Hotel Philosophy on Fiscal Responsibility pick out Concepts of Internal Control Components of Int ernal Control SuspectectedTheft or rail a! t of Hotel Assets cite Internal Controls: Segregation of Duties Reviews by Management Reconciliations Approvals Assets Bank Accounts lower-ranking Cash Cash, Check, Credit Card Receipts Gifts and Endowments Disbursements Payroll/ array play Accounts Payable Travel Human Resources Purchasing Contacts for way Internal Audit: utilization of Internal Audit Areas Frequently...If you fatality to get a full essay, gild it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper