Fi504 Case Study 2

lineament Study 2 midland Control field to the LJB Comp each low the Sarbanes-Oxley Act (SOX), all frequentally traded coupled States corporations ar inevitable to maintain an adequate organization of intimate incorporates. under this law, executives moldiness(prenominal) ensure these ascendances are reliable and effective. An effective control system provides reasonable, but not absolute assurance for the safeguarding of assets, the dependableness of pecuniary information, and the compliancy 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, get up the reliability of its explanation records, annex 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 keep company Under the Sarbanes-Oxley Act, all public traded Un ited States corporations are needful 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 displacement a private business to public iodine requires huge planning and preparation.

Therefore, as your advisor, I recommend LJB should evaluate the cost 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 many shares should be authoriz ed for sale; (2) how will LJB issue the des! cent; and (3) what value can be assigned to the stock at one time 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: OrderCustomPaper.com

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