Internal Control

To: The President of LJB play along From: tt Subject: Recommendation for the interior(a) fit processing original of all, LJB Company is a topical anesthetic distributor will picture to go public in the future. The regulations require of LJB Company for sledding the public as quest the regulations .The newly public troupe moldiness comply with the Sarbanes-Oxley influence of 2002,Sox section 404(a) requires an annual perspicacity of the issuers innate control everyplace fiscal crossing(ICFR) succession section 404(b) requires an attestation report of the issuers independent tenders on managements discernment. Moreover, in its annual report, the high society must report on subjective controls over its fiscal reporting. quadruple key elements must be included in this report. 1. education of debt instrument by caller-out management the (CEO and CFO) for establishing and maintaining an adequate ingrained control structure and procedures for financial reportin g. 2. Statement identifying the framework utilise by management to measure out the effectiveness of the companys internal control over financial reporting. 3. Managements assessment of the effectiveness of the internal control over financial reporting. 4.

Attestation by the companys external auditor and managements assessment of the effectiveness of the companys internal controls and procedures for financial reporting. Second, the LJB Company is a relatively slender organization; The Company has however one controller who serves as Treasurer and controller with streamlines many of their processes. Its doi ng wrong for the internal control as side b! y side(p) The one of principle internal control, segregation of record-keeping from fleshly custody. The accountant should have neither physical custody of the asset nor admission to it. The separation of accounting responsibility from the custody of assets is especially pregnant for cash and inventories because theses asset argon very valuable to dissembler (Kimmel Weygand Kieso ,6 th edition) I would root on the...If you want to formulate a full essay, order it on our website: OrderCustomPaper.com

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