Fi504 Case Study 2

typesetters case Study 2 midland Control underwrite to the LJB Comp each low the Sarbanes-Oxley Act (SOX), all generalally traded join States corporations ar inevitable to maintain an adequate organization of intragroup affirms. under this law, executives must(prenominal)(prenominal) ensure these go fors are reliable and effective. An effective control system provides reasonable, but not absolute assurance for the safeguarding of assets, the dependability of pecuniary information, and the submission with laws and regulations. The content of this report is based on the methods and measures pick out at bottom an organization to safeguard its assets, produce the reliability of its explanation records, summation efficiency of operations, and ensure compliance with laws and regulations. Clarke Cummings, Keller Graduate develop of Management 5/31/2012 Case Study 2 Internal Control Report to the LJB confederacy Under the Sarbanes-Oxley Act, all publ ic traded United States corporations are needed to maintain an adequate system of internal controls. Under this law, executives must ensure these controls are reliable and effective. As with any business, the transition a private business to public iodine requires wide planning and preparation.

Therefore, as your advisor, I recommend LJB should evaluate the personify of going public versus the benefit of being a public traded bon ton, since LJB is a relatively small sized company in terms of its employees. If LJB decides to dilute blood, it is wise to answer the pursuance questions: (1) how more s hares should be authorized for sale; (2) how! will LJB issue the line of descent; and (3) what value can be assigned to the stock once it is issued. The content of this report is based on the methods and measures adopted within an organization to safeguard its assets, enhance the reliability of its invoice records, increase efficiency of operations, and ensure compliance with laws and regulations. The major components of the internal control system must include: risk...If you want to stop a full essay, order it on our website: BestEssayCheap.com

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