Accounting Control Best Practices
By Steven M. Bragg
In today’s environment of increased scrutiny to corporate governance matters, every employee in the organization has a stake in the control process.
As part of the audit process, professional auditors regularly refer to best practices when citing criteria for audit comments and recommendations. Accounting Control Best Practices, part of John Wiley’s Best Practices series, describes a complete set of controls for both computer and paper based systems. Steven Bragg shares hundreds of controls for the basic processes of a business and he does so in simple, understandable terms. The book is divided into chapters covering accounts payable, order entry (including credit and shipment), inventory management, billing, cash handling, payroll, and fixed assets. Auditors, always looking for flowcharts for accounting processes will find them in this publication. Accounting Control Best Practices is slated to become the standard desktop reference for auditors, systems analysts, and accounting managers looking for answers on designing and improving controls over accounting processes. An online companion with the flowcharts in Visio format would have been a nice addition but all in all this is a must have addition for your departmental professional library.
