Internal Control

To: The President of LJB club From: tt Subject: Recommendation for the national authority processing original of all, LJB Company is a local distributor will picture to go public in the future. The regulations require of LJB Company for sledding the public as pastime the regulations .The newly public troupe moldiness comply with the Sarbanes-Oxley constitute of 2002,Sox section 404(a) requires an annual perspicacity of the issuers inwrought control all over fiscal explanationing(ICFR) succession section 404(b) requires an attestation report of the issuers independent tenders on managements judicial decision. Moreover, in its annual report, the community must report on subjective controls over its pecuniary reporting. quadruple key elements must be included in this report. 1. education of debt instrument by conjunction management the (CEO and CFO) for establishing and maintaining an adequate national control structure and procedures for financial reporti ng. 2. Statement identifying the framework utilise by management to pronounce 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 exclusively one control who serves as Treasurer and controller with streamlines many of their processes. Its doin g wrong for the internal control as underme! ntioned The one of principle internal control, segregation of record-keeping from fleshly custody. The accountant should have neither physical custody of the asset nor entrance money to it. The separation of accounting responsibility from the custody of assets is especially beta for cash and inventories because theses asset argon very valuable to postiche (Kimmel Weygand Kieso ,6 th edition) I would root on the...If you want to cash in ones chips a full essay, order it on our website: OrderCustomPaper.com

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