Your director is aware of the fact that you have prior accounting knowledge and have a basic understanding of Internal Controls. One of your tasks in your new position is to help the HR department work with the internal auditors to implement an effective internal control system.
Your director sends you an email and says the following:
“I know you’re fairly new to the company but based on your knowledge of the company, can you please do the following
Task 1:
Help me identify the missing controls in the HR department and explain the impact of these gaps.
Propose a recommendation for each missing control from part a. an internal control). Please ensure that your recommendations are specific and detailed in order to address the missing control.
Task 2:
In addition to the above task, I’m receiving some pushback from some of the HR senior managers. They are not impressed with the auditors and are complaining that this concept of “internal controls” only applies to the Accounting team. They said something about how fraud and internal controls is solely the responsibility of the Accounting department. I would like to put together a 1-page document for them to answer some of their concerns. Can you please do some research and identify 2 scholarly business sources that either agree or disagree with their concerns? I don’t know much about this and would appreciate your expertise.”
