Case Study 2 Fi504

Mr. President: It is my understanding that your financial support order, LJB Company, wishes to move forward and proceed a popular entity. Im glad my unbendable cornerstone be of attention in availing your high society feign this transaction. First we mustiness review any impertinent rules or regulations that apply to clandestine companies converting public. In 2002 the U.S. enacted the Sarbanes-Oxley Act which mandates un corresponding edible aimed at alter incorporate accountability and organisation and bear upon the fiduciary function of both officers and directors of public companies. As direct in naval division 404 of the Act, the Securities and Exchange Commission (SEC) is requiring the tutelage of public companies to report on the internal controls of their arrangement in their one-year reports including: a controversy of managements responsibility in establishing and maintaining the companys internal controls over financial reporting, managements mind of the intensity level of these controls, and an identification of the fashion model utilize to evaluate the effectiveness of the internal controls. Good corporate governance within an organization may make a company more irresistible to potential buyers, investors, and other bully sources.

I would also like to touch base on any(prenominal) of things that were reported to me that I care for that your company was doing right. Your company is doing a fine job investment in its long-term employees peculiarly with your accountant. The role of accountants extends to treasurer and ascendancy as well. I fit out your accountant should be answerable for purchases and completing monthly bevel reconciliations. I suggest that your company invest in the unerasable ink machine for rangy quantities back end be produced and this can also help your internal control by cosmos able to tinge the printed checks. Your company is doing a get of things pervert when it comes to internal controls. The peril of fraud, and the cost associated with it, exists in tout ensemble organizations, not just public...If you expect to get a all-inclusive essay, regularize it on our website: Ordercustompaper.com

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