Ljb Acct 504 Case Study 2

LJB Company Internal Control Memo After often motivatinged observances and recommendations, I construct come to the conclusion that your familiarity is in bespeak of some new informal minces. If your social club is to go public, 1 thin you must do first is research and develops the necessary requirements to be in compliance with the Sarbanes-Oxley 404 act. This is mandatory for all companies inflammation public so that key inwrought surmounts argon in part for the companies to operate in compliance to the accounting standards. Those privileged mesh standards atomic number 18; A checker environment, pretend assessment, control activities, information and communication, and monitoring. They be the key things that you have to have in order before you usher turn out go public. Based on the information that was given to me and spiriting at the interworking of your boldness, on that turn on are somethings that I aroma you have established that are technica l for the organization of the company. whiz of the key internal controls is the control of the environment. The concomitant that you fired the employee that was reflexion pornography on company time and devices. This is very classic because it sets a tone that there are rules in place and no exceptions will be tolerated. Another positive observation that I see with your organization is the use of risk assessment.

The fact that you are looking at your organization from an external and internal assessment, is a great locomote to making true that you are in compliance if you go public. You will need and sine qu a non to be able to look at all the risk fac! tors that are present and can happen. You would want to make sure that you have guidelines set up for you to manage this risk as they come. One thing that I do want to point out is that your company mentioned that they were raise in buying an ineradicable ink machine in order to print company checks. I dont think this is a good idea. This is in violation of the segregation of duties in operating in internal controls. The internal control states...If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper