1. Derek Huhta Micah McKee Natalia Meza Shaun Ripplinger

2.  Founded 1987  For profit company  Property Law and Real Estate Legal Services  Cowlitz County, Washington  Employs five people

3.  Start: Client requests services  Stop: Client’s payment on account  Internal Entities: Owner, Bookkeeper, Receptionist, Computer  External Entities: Client and the Bank  Hardware: Apple computer  Software: Time Slips and Quicken

4.  Ensure:  Effective and efficient operations  Reliable financial reporting  Compliance with applicable laws and regulations

5.  Ensure services are accurate and complete,  Maintain accurate transfer of client services worksheet,  Update billing and payment information, and  Make sure customer’s are billed in a systematic fashion.

6.  Employee Trust  Files available to all employees  Nightly backups  Cross trained staff  Flexible

7.  One-to-One Check (memo of conversation and client billing worksheet)  Review Tickler File (Accounts Receivable Master File)  Written Approvals  Customer Confirmations  Also many of the most beneficial data entry control plans are present as well (document design, enter data close to source, preformatted screens, populate and compare, confirm input acceptance, rejection procedures, etc.).

8.  Independent Billing Authorization  Independent Customer Master Data Maintenance

9.  Immediately Endorse Incoming Checks  One-to-One Check (Deposit book and Checks)  Monitor Open Accounts Receivable Regularly (Tickler File)  Edit Cash Receipts for Accuracy

10.  Immediately Separate Checks and Remittance Advices

11.  Owner Involvement  Flexible Work Structure  Employee Communication and Trustworthiness  Low Turnover Levels  Majority of necessary business process controls present

12.  Segregation of Duties  Second Set of Eyes

13.  Four functions:  Authorizing  Executing  Recording  Safeguarding of resources  Owner involvement in daily activities  Separate critical activities  *Helps prevent fraud, errors, system failures

14.  Information may be corrected  Reduction of mistakes  Help prevent fraud  Help ensure information is valid and accurate  Document support