Hollate Company Essay
The analyzed case study refers to the Hollate Manufacturing company, which belonged to the home construction industry since 1950s. The company operated in the United States and Canada with 14 divisions spread throughout the countries. Hollate’s performance was significantly better than its peers, resulting in $1 billion sales. The company maintained its growth over the years due to growth-through-acquisition strategy. However, the home construction industry suffered downturn in recent years. Hollate manufacturing faced a problem with audit as far as with personnel. Four suggestions are given along with answer to the question how to avoid alike situations.
After initial public offering Jack Brennahan …show more content…
Solutions to the problems:
The CEO should organize the accounting course for all those in the board, who are unfamiliar with accountancy rules and make sure the audit committees are fully capable of understanding it and it sources.
Additionally, more personnel in the internal audit should be hired to assure its tasks being completed correctly and in the full extent. Moreover, it has to be assured that controllers always respond to external auditors