Case Study 2 Fi504

Mr. President: It is my understanding that your slide by guild, LJB Company, wishes to move forward and set out a popular entity. Im glad my hearty cornerstone be of service in aiding your lodge feign this transaction. First we essential review any innovative rules or regulations that apply to clannish companies converting public. In 2002 the U.S. enacted the Sarbanes-Oxley Act which mandates confused edible aimed at strengthen incorporate accountability and inclination and bear upon the fiduciary obligation of both officers and directors of public companies. As direct in arm 404 of the Act, the Securities and Exchange Commission (SEC) is requiring the direction of public companies to report on the internal controls of their face in their one-year reports including: a program line of managements responsibleness in establishing and maintaining the companys internal controls over fiscal reporting, managements discernment of the authorization of these controls, and an identification of the modelling utilize to evaluate the effectiveness of the internal controls. Good corporate governance within an organization may make a company more enchanting to potential buyers, investors, and other dandy sources.

I would also desire to touch base on any(prenominal) of things that were reported to me that I nurse that your company was doing right. Your company is doing a fine job investiture in its long-term employees strangely with your accountant. The role of accountants extends to treasurer and ascendance as well. I give your accountant should be responsible for purchases and completing monthly jargon reconciliations. I suggest that your company invest in the inexpungible ink machine for heroic quantities back end be produced and this can also help your internal control by cosmos able to analyse the printed checks. Your company is doing a descend of things pervert when it comes to internal controls. The fortune of fraud, and the cost associated with it, exists in completely organizations, not just public...If you involve to get a estimable essay, regularize it on our website: Ordercustompaper.com

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