8. Lily Company has the following staff: Ms. Momon – Acting Accounting head (Non CPA, this is because she is working for 4 years now in the company) Ms. Des – Sales and Collection accountant Ms. Pat May is a CPA hired by Lily Company as a disbursing officer (current vacant position in the company). As an auditor, what is the best recommendation you would offer to the management? Group of answer choices Hire a competent Accounting Manager. Assess if the personnel not qualified for the current position they are holding may retain (because they earned experience for the position) or they may qualified and reassigned for other position. Assess organizational chart of the company. Train, mentor and supervise the employees.
8. Lily Company has the following staff: Ms. Momon – Acting Accounting head (Non CPA, this is because she is working for 4 years now in the company) Ms. Des – Sales and Collection accountant Ms. Pat May is a CPA hired by Lily Company as a disbursing officer (current vacant position in the company). As an auditor, what is the best recommendation you would offer to the management? Group of answer choices Hire a competent Accounting Manager. Assess if the personnel not qualified for the current position they are holding may retain (because they earned experience for the position) or they may qualified and reassigned for other position. Assess organizational chart of the company. Train, mentor and supervise the employees.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
8.
Lily Company has the following staff:
Ms. Momon – Acting Accounting head (Non CPA, this is because she is working for 4 years now in the company)
Ms. Des – Sales and Collection accountant
Ms. Pat May is a CPA hired by Lily Company as a disbursing officer (current vacant position in the company).
As an auditor, what is the best recommendation you would offer to the management?
Group of answer choices
Hire a competent Accounting Manager.
Assess if the personnel not qualified for the current position they are holding may retain (because they earned experience for the position) or they may qualified and reassigned for other position.
Assess organizational chart of the company.
Train, mentor and supervise the employees.
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