Internal Accountants Report to Management ACC 556 (3 Pages 1180 Words)

Introduction When preparing for a government contract bid, there are a lot of essential components that need to be considered. While it may not seem an absolute necessity, performing a full financial status review prior to the bid will reveal information that that is vital to not only the bid, but to the decisions made by the business in other areas. During a financial status review, any instances of occupational fraud or abuse will be exposed, allowing the company to prepare for the bid, as well as potentially save the company money. It is highly recommended that a full financial status review be completed before the bid to avoid the potential loss of revenue and the chance of not being awarded the bid....