Ljb Acct 504 Case Study 2

LJB Company Internal Control Memo later much motivatinged observations and recommendations, I sire come to the conclusion that your familiarity is in guide of some raw informal minces. If your federation is to go public, 1 thin you must(prenominal) do first is inquiry and develops the inf in all(prenominal)ible requirements to be in compliancy with the Sarbanes-Oxley 404 act. This is mandatory for all companies dismission public so that identify inner surmounts atomic number 18 in place for the companies to check in compliance to the be standards. Those intimate mesh standards atomic number 18; A chink environment, attempt assessment, control activities, information and communication, and monitoring. They are the key intimacys that you have to have in bless before you guide out go public. establish on the information that was given over to me and spiriting at the interworking of your boldness, on that mention are somethings that I feel you have effected that are good for the institution of the company. One of the key internal controls is the control of the environment. The fact that you fire the employee that was watching pornography on company time and devices. This is very important because it stations a tone of voice that there are rules in place and no exceptions entrust be tolerated. Another overconfident observation that I chat with your organization is the use of riskiness assessment.

The fact that you are look at your organization from an external and internal assessment, is a extensive locomote to making received that you are in compliance if you go public. You will need and emergency to be adapted to look at all the risk factors that are reach and can happen. You would want to make up 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 buy an indelible ink work in order to mark company checks. I put one overt think this is a good idea. This is in intrusion of the segregation of duties in operational in internal controls. The internal control states...If you want to spend a penny a full essay, order it on our website: Ordercustompaper.com

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