In your role as CFO, you are part of the team that regularly evaluates internal control. In
Question:
In your role as CFO, you are part of the team that regularly evaluates internal control. In its risk assessment your team has identified a concern that your work force may not be adequately prepared for anticipated changes in technology. The change will affect the manufacture of a specific part that is a device used along with the company's main product. The team has asked you to identify the alternative ways in which the entity could respond to this risk and to prepare a memo to the team explaining the choices and indicating your recommendations.REMINDER: Your response will be graded for both technical content and writing skills. Technical content will be evaluated for information that is helpful to the intended reader and clearly relevant to the issue. Writing skills will be evaluated for development, organization, and the appropriate expression of ideas in professional correspondence. Use a standard business memo or letter format with a clear beginning, middle, and end. Do not convey information in the form of a table, bullet point list, or other abbreviated presentation.