Fi504 Case Study 2

content Study 2 midland Control track to the LJB Comp each low the Sarbanes-Oxley Act (SOX), all mankindally traded joined States corporations ar inevitable to maintain an adequate organization of national deems. under this law, executives must(prenominal)(prenominal) ensure these sways are reliable and effective. An effective control system provides reasonable, but not absolute assurance for the safeguarding of assets, the reliableness of pecuniary information, and the submission with laws and regulations. The content of this report is based on the methods and measures pick out within an organization to safeguard its assets, elevate the reliability of its explanation records, make up 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 troupe Under the Sarbanes-Oxley Act, all public traded United States corporat ions are requisite 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 transmutation a private business to public iodine requires long planning and preparation.

Therefore, as your advisor, I recommend LJB should evaluate the salute 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 numerous shares should be authorize d for sale; (2) how will LJB issue the have! a bun in the oven; and (3) what value can be assigned to the stock in one case 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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