Auditing and Control in the Organisation: A Study on Jertsy Limited

Running head: AUDITING AND CONTROL IN THE ORGANISATION
Auditing and Control in the Organisation
Name of the Student
Name of the University
Author’s Note

AUDITING AND CONTROL IN THE ORGANISATION2
Executive Summary
This current report has focused on the process of auditing and control in the organisation where
an Australian clothing company, Jertsy limited has been taken into consideration. This study
mainly highlights the effective identification and explanation of the weakness system that has
been associated in the existing system of the company. It also points out the implementation of
the new system which would help the company in achieving their targets along with
recommending certain strategies to the senior managers of the company.

AUDITING AND CONTROL IN THE ORGANISATION3
Table of Contents
Introduction......................................................................................................................................4
Analysis of the organisation............................................................................................................4
Identifying and explaining the weakness in the existing system.....................................................5
Human resource and other area of problem.................................................................................5
Technological area, production and logistics for development...................................................6
Sales area, customer services along with finances......................................................................7
Suggesting improvements in the new system..................................................................................8
Recommendation.............................................................................................................................9
Conclusion.......................................................................................................................................9
References......................................................................................................................................11

AUDITING AND CONTROL IN THE ORGANISATION4
Introduction
Auditing and control is vital for a business organisation it includes the effective
examination of the financial statement of the company that has been prepared by the
management of the company. Controlling the business firm also points out the effective system
that is associated with the business, and certain standards are required to be implemented in the
business. In this study, Jertsy limited has been taken into consideration which mainly deals with
a range of fashion clothes and managed by autonomous managers. This study also includes the
identification and explanation of weakness associated with the business system of the company.
Certain recommendation and suggestions is to be made for the company for benefitting the
business requirement along with introduction of new strategies that would be implemented by
the senior management.
Analysis of the organisation
Jertsy limited is an Australian company that owns a range of fashion stores along with
state capital of the country. The appointed managers of the company deal with the types of
companies and quantities that would like to be required for the process of buying and selling
products (Alles 2015). The located head office of the company has been established with the
mark up cost that are standard in nature for managing the duties of the managers.
The selling price of the products are to be acknowledged by the managers and the staff of
the stores tends to be younger people that works as part time and results in certain significant
turnover for the staffs. It also points out the high staff turnover rate that does not affect the
booming of the fashion trend among the youth (Appelbaum, Kogan and Vasarhelyi 2017). Jertsy
limited is such organisation that performs their business activities in a more extended way for