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5042 N Winthrop Ave # 237 Chicago, Illinois 60640 www.humanservicesglobe.com www.qureshiuniversity.com 773-561-6102 July 3, 2011 American Institute of Certified Public Accountants 1211 Avenue of the Americas New York, NY 10036-8775 Dear Sir or Madam: I am Asif Qureshi. I am the founder of Qureshi University. Take a look at this. http://www.qureshiuniversity.com/accountantsworld.html I have a few questions. Do you have answers to these questions? How do you define state economy? How do you define a state budget? What is the Essential Commodities Act? What is the Essential Services Maintenance Act? What do you call the method of recording, summarizing, reporting, and analyzing quotas for food, clothing, building needs, transportation, communications, health care, education, land resources, etc., in the state? These are basic questions. There are many more. | |
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What is Accounting? What is Bookkeeping? What is an Accountant? What does a Bookkeeper do? What does an Accountant do? What are the types of accounting? What is the best method of accounting in the state? Why is it the best method of accounting? Is there a difference between a state budget and state accounting? What is the difference between a state budget and state accounting? What do you call the method of recording, summarizing, reporting, and analyzing quotas for food, clothing, building needs, transportation, communications, health care, education, land resources, etc., in the state? What are various flawed practices in accounting in a state? Instead of products and services in essential ingredients of the economy in the state, and proper quota per person, people are placed maliciously to propagate amount, finance, etc. Accounting Scandals What is the difference between a Bookkeeper and an Accountant? How are you going to help my business grow? Ask for an outline in writing. Industry Specific Services
What types of information are required but not available? Who and what are involved in these activities? What budget is available? How adequate is it? Who controls it? What are the skills and responsibilities of the people who carry out these tasks? How do you contribute to achieving your organization's objectives? What is the difference in the duties and responsibilities of the federal, state, county/district, and city Departments of Health? How many federal employees are there? How many state employees are there? How many county employees are there? How many city employees are there? Who pays them? How do they get paid? How much is their pay? What are their duties and responsibilities? Can you give a breakdown of their duties and responsibilities? What do they do? How do they do it? What do you do? How do you do it? How is performance measured? What is the difference in the duties and responsibilities of the federal, state, county/district, and city Departments of Education? What is the structure of the department? How many employees are there? Who is a state employee? Who is a federal employee? Who is a county employee? Who is a city employee? Does getting pay mean they are employed? Does getting pay mean they are doing a good job? Does getting pay mean they deserve that job and salary? How is performance measured? How is performance audited? Business Organizations: Should they be regulated by federal, state, county, or city employees? Employees of business organizations: Who has the duty and responsibility to discipline them? If a supervisor or head of the organization ignores complaints, where should the complaint be lodged? Who should be held responsible for harms? What products and services come under consumer affairs? What products and services don't come under consumer affairs? Is consumer affairs a federal, state, county, or city responsibility? What are the differences in the duties and responsibilities of the State Inspector general and State Attorney General? How tech savvy is the accountant? Are you going to have to print out your accounts to hard copy or can you simply transfer everything electronically? What kind of software are you going to have to buy? What overall services can the accountant provide besides business advice, like estate planning, legal referrals, etc.? The accountant should be the financial quarterback for your business. Can he or she find outside experts to help meet your goals, like attorneys, insurance agents, real estate agents, etc.? How many years has the accountant been in business? Considering the myriad, ever-changing tax laws and complex accounting rules, a minimum of five years is a good benchmark. How many years experience does the accountant have in your particular industry? What is the company's average response time? Is the accountant familiar with your computerized accounting system? Are you comfortable overall with the accountant? What type of environment suits you best and why? How much overtime will you work, if necessary? Tell me about your educational background. How long have you been conducting your search for a new role? How many second or follow up interviews have you been receiving? How soon can you start? What else would you like to add? What is Accounts Payable? (Not recommended) How many invoices do you match, batch and/or code per week/ month? What is the total (_______) volume of these invoices? How is the posting done; manually or computerized? If computerized, what system? How much data entry is involved? Do you prepare journal entries? How do you handle discrepancies? What experience do you have with multi‐provincial payroll? When have you done vacation/ sick/ termination/ garnishment cheques? (Not recommended) Accounts Receivable/ Billing What about your experience with working with a lock box? Do you review aging reports? How many accounts did you have to reconcile monthly? What types of accounts were they? Staff Accountants What is a typical day for you? Where do you spend the bulk of your time? Are you responsible for the general ledger account reconciliation work? How much G/L analysis do you do? Are there multiple ledgers? How much review of journal entries do you perform? What is the most effective way of identifying errors? What was the timing of the month end close? What is your role in the month end close? Do you supervise or train any employees? Tell me about your budgeting experience and what is the total amount of the budget for which you have responsibility? What is your role with the outside auditors? Tell me about some of the special projects to which you have been assigned. What computerized accounting systems have you utilized? Audit How long have you been involved in auditing? Which type: internal/ external/ FBI/ CIA/ Secret Service/ State/ City/ County/ White House/ Police/ Courts/ Othe Federal, State, City, County government/ public/ private/ financial/ operational _______? Have you led a team? How long was the average audit that you performed? What type of training did you receive? How much money have you saved a company with your findings? What types of operational improvements were implemented as a result of the audit recommendations? What type of variance analysis do you perform? What inventory analysis do you perform? What percentage of the budget are you responsible for and what is the volume? Analysis Please explain the type of analysis you perform What is your role with the corporate budget? What is the total volume on that budget? What type of work do you do with the profit and loss and/or balance sheet? How much short or long term planning have you done? What supervisory role do you play, if any? How do you assist the auditors when they come to your office? Have you developed any type of financial modeling? Explain. In what way did you utilize the accounting package and what type of ad hoc reporting did you perform? What types of special projects did you handle? What is your role/ interaction with executive management? Tax Explain the specialty: corporate, partnership, personal, expatriate, property, sales, payroll, estate, trust, etc , what specifically have you done with each? How many provinces have you filed for? What tax software do you know? How much research have you done vs. planning? Have you any exposure to bankruptcy filings? Have you been involved in any type of management or tax training? Accounting Manager/ Controller How large was the department that you were responsible for? How consistent and up to date were the monthly account reconciliations and back reconciliations What accounting system did you utilize? What did you like about it? What did you not like about it? Have you ever been involved in a computer conversion? Are you one who rolls up your sleeves or one who supervises from a short distance? Explain the duties that you handle on a day to day basis What is your interface with the budget? What is your responsibility with risk management? How much money have you saved your company and how did you do this? What special projects do you work on? How much overtime is expected of you? Explain to me a typical audit you would perform. White House Audit Date of This Audit: ________ Period Covered by This Audit: _______ The purpose of this Financial Management/Audit Checklist is to provide the audit committee/ Public/ World with a tool, or guideline, with which to conduct an inspection of the books and records and a review of the financial management practices of the White House _______. BUDGET How was the budget figure reached? What types of information are required but not available? Is there a difference between honesty and truthfulness? Is there a different between dishonesty and lying? When have you been honest? How do you contribute to achieving your organization's objectives? How are nonconforming products/services identified? How are customer complaints handled? What's the largest complaint category? What's being done about it? Has the amount of complaints changed over time? How are personnel trained in their roles in preventing complaints? How are customers made aware of actions on their complaints? What tools are used to identify the causes of complaints? Who's involved in reviewing the organization's performance? What actions have resulted from these reviews? How are records of the reviews generated? What tools are used to pursue continual improvement? Was the budget prepared by a budget committee? Yes I No If "NO" Who prepared the budget? _________________________________________ Did the Treasurer prepare a detailed, written financial report every month? Yes I No If "NO" Explain:_________________________________________________________ Were the reports clear, concise, and easily understood? Yes I No If "NO" Explain:_________________________________________________________ Did the reports show, in detail, the source(s) of all income and expenses? Yes I No If "NO" Explain:__________________________________________________________ Was there any period of time which exceeded sixty (60) days when no written Treasurer's report was provided? Yes I No If "YES" Explain:__________________________________________________________ Did the Treasurer prepare an annual or year-end detailed, written financial report? Yes I No If If "NO" Explain:_________________________________________________________ Did two (2) or more people always count the funds? Yes I No If "NO" Explain:_________________________________________________________ Was a receipt always written from the Treasurer to the person who gave funds to the Treasurer? Yes I No If "NO" Explain:_________________________________________________________ Was all income properly allocated and categorized into the appropriate budget line-items? Yes I No If "NO" Explain:_________________________________________________________ Were all expenditures properly allocated and categorized into the appropriate budget line-items? Yes I No If "NO" - Explain:_________________________________________________________ Was there a proper invoice or receipt for each expenditure? Yes I No If "NO" Explain:_________________________________________________________ With which bank does the White House maintain its accounts? Does the White House have more than one account? Yes I No If "YES" Explain: ___________________________________________________________ Are all the checks imprinted with sequential numbers'? Yes I No If "NO" Explain:_________________________________________________________ Were all the checks properly signed by two (2) officers? Yes I No If "NO" Explain:_________________________________________________________ Are all the checks accounted for including any voided checks? Yes I No If "NO" Explain:_________________________________________________________ Does the records have a copy of the current bank signature cards? Yes I No Was the Treasurer cooperative during the audit? Yes I No If "NO" - Explain: ________________________________________________________ Were there questions that could not be answered solely by an examination of the books and records - that required additional information from the Treasurer or another person? Yes I No If "YES" Explain: _______________________________________________________ Were the books and records legible? Yes I No Were the books and records maintained in ink? Yes I No Were the books and records maintained on computer? Yes I No If "YES" - Were there printed copies of all the information made available to the Public? Yes I No (Further Questions) RECOMMENDATIONS & COMMENTS ________________________________ Auditors | |
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