A Case Study - Internal Control

DATE:February 1, 2012 TO: John Smith, President LJB friendship FROM: present:Internal Control Requirements given atomic number 18 my findings regarding the immanent controls for LJB familiarity. As we discussed, you and the leadership team sort out to know where the caller stands with regards to its flow rate dodge for internal controls and an sporty internal control system for the phoner if the company were to go public. Feel free to amour me if you have any questions or concerns. ? In the event LBJ Company would like to go public, an fitted modelling for internal controls is necessary. LBJ Company moldiness provide investors and regulators boldness that operate and pecuniary objectives are world achieved in a way that is consistent with standards and policies habilitate by Section 404 of the Sarbanes-Oxley act. The goals and objectives that LBJ Company necessitate to focus on are accurate monetary coverage, entry with laws and regulations, and effective operations.

As a publicly traded company the composition essential document and canvass the internal controls oer financial narrativeing (ICFR) and issue a statement on with the ask SEC reporting that attests to the military strength of the internal controls and the financial reporting for the company (Security and Exchange Commission, 2008). In addition, an independent attendant must perform independent tests of controls, report and attest to commissions processes and on the effectiveness of the internal controls. By subscribe the attestation, the executives subscribe the report are held personally accountable for accurate and muster out financial reports and for complying with all the requirements set forth by SOX. The company, you, and the chief financial officer will be motif to fines and criminal penalties for not complying with the requirements or for material misrepresentations in the reports demonstrate to be true. The company is do well financially, and in these trying economic times, I delight in the...If you want to get a full essay, rank it on our website: Ordercustompaper.com

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