Fi504 Case Study 2

occurrence Study 2 midland Control study to the LJB Comp each low the Sarbanes-Oxley Act (SOX), all exoterically traded unite States corporations ar inevitable to maintain an adequate organization of interior(a) obligates. under this law, executives must(prenominal) ensure these matchs 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 entry with laws and regulations. The content of this report is based on the methods and measures pick out deep down an organization to safeguard its assets, arouse the reliability of its explanation records, amplification 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 guild Under the Sarbanes-Oxley Act, all public traded United States co rporations are need 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 rendering a private business to public iodine requires all-inclusive planning and preparation.

Therefore, as your advisor, I recommend LJB should evaluate the price 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 authorize d for sale; (2) how will LJB issue the spud! ; and (3) what value can be assigned to the stock at 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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