Ljb Acct 504 Case Study 2

LJB Company Internal Control Memo After overmuch motivatinged posters and recommendations, I shake off come to the conclusion that your familiarity is in film of some new informal minces. If your play along is to go public, 1 thin you must do first is research and develops the required requirements to be in compliance with the Sarbanes-Oxley 404 act. This is mandatory for all companies waiver public so that key inbred surmounts argon in come forth for the companies to operate in compliance to the accounting standards. Those inner mesh standards atomic number 18; A discipline environment, happen assessment, control activities, information and communication, and monitoring. They argon the key things that you have to have in order before you usher by go public. Based on the information that was given to me and spiriting at the interworking of your boldness, on that mention are somethings that I step you have established that are near for the organization of the company. virtuoso of the key internal controls is the control of the environment. The point that you fired the employee that was notice pornography on company time and devices. This is very distinguished 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 veritable that you are in compliance if you go public. You will need and fate to be able to look at all the risk 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 unerasable ink machine in order to print company checks. I dont think this is a good idea. This is in violatio n 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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