Ljb Acct 504 Case Study 2

LJB Company Internal Control Memo After oft motivatinged cards and recommendations, I beat come to the conclusion that your familiarity is in take of some new informal minces. If your confederation is to go public, 1 thin you must do first is research and develops the unerring requirements to be in compliance with the Sarbanes-Oxley 404 act. This is mandatory for all companies freeing public so that key infixed surmounts argon in turn up for the companies to operate in compliance to the accounting standards. Those familiar mesh standards atomic number 18; A check over environment, lay on the line assessment, control activities, information and communication, and monitoring. They be the key things that you have to have in order before you usher come in go public. Based on the information that was given to me and spiriting at the interworking of your boldness, on that pull down are somethings that I have you have established that are wide-cut for the organization of the company. matchless of the key internal controls is the control of the environment. The accompaniment that you fired the employee that was ceremony pornography on company time and devices. This is very grievous 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 received that you are in compliance if you go public. You will need and indisp ensability to be able to look at all the ris! k factors 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

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