Operational Review for Worldcom

report Fraud at WorldCom Scope of Our Review For the purpose of identifying areas for improvement, our reassessment and analysis of present accounting systems included the following do steps or tasks: 1.Personnel Interviews. We met with the accountancy management and accounting personnel to analyze present accounting systems and associated areas for improvement, as fountainhead as to de bournine coming(prenominal) requirements. These discussions and reviews housed us with a running(a) knowledge of: Present Accounting Systems Procedures Problem areas, more specifically the critical ones Coordination and related coverage and communication networks between parts randomness requirements, present and future needs 2.Functional Activities. Review of the systems and procedures presently need to perform accounting systems related functions as: Accounting department organization structure and related functional job descriptions, including right and authority relationships Accounting Department accounting systems, including the establishment of goals, objectives, approvals for crinkle transfers, and risk analysis GAAP practices, monitoring and control around ratio sheets and income statements 3.Accounting Systems.

Observation and analysis of Accounting operations and reporting systems, including: Accounting Department organizational chart Accounting Systems and Procedures Financial Reporting Objectives The objectives of this functional review were to identify the work being performed by the Accounting Department personnel in mark to formulate future operational requirements, as well as to make observations and recommendations as to the manner in which immediate and/or short term improvements could be realized. The principle focus of our efforts was toward developing operating procedures that would provide optimum efficiencies in meeting GAAP requirements. Our Approach Our approach to reviewing Accounting Department accounting... If you want to get a full essay, order it on our website: Orderessay

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