Write 500–600 words that acknowledge to the afterward questions with your thoughts, ideas, and comments. Be absolute and clear, and use examples to reinforce your ideas.
Model Constructions got a adjustment to complete a apartment activity in Atlanta, GA. The foreman, Clint Harper, assassin 20 workers to do the assignment on the apartment project. Model Constructions capital to accumulate the costs down, so it did not appetite to appoint any abutment agents for Clint. Clint got the advisers to complete all of the all-important tax forms, like the W-4 for withholding, their amusing aegis information, and so on, and delivered all of the paperwork to the arch appointment in Buckhead, GA. Every week, Clint would aggregate all of the time tickets from his workers, assurance them, and again bear them to the arch office. On Fridays, he would go aback to the arch appointment and aggregate the checks. He was additionally amenable for distributing all of these checks to the workers.
You are a CPA who audits and prepares banking statements for Model Constructions. In your account accepted assignment at the arch office, you become acquainted of this arrangement. You go to the owner, Mr. Lee, to altercate the issues apropos to this arrangement.
Tell Mr. Lee, in detail, the capital centralized ascendancy weaknesses in the bearings described. What can be the appulse on the business because of these weaknesses?
Give him suggestions on what needs to be done to adjust this situation.
Briefly altercate with him the Sarbanes-Oxley Act (SOX) in affiliation to accounting practices for accepted and noncurrent assets
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