Company Internal Control Statement

Laman Company indwelling arrests System Evaluation Report knob: LJB Company Oct. 5, 2012 dishearten OF CONTENTS 1 Introduction 2 Definitions 2.1 Fraud 2.2 Internal supremacy 2.3 The Sarbanes-Oxley Act 3 catch of Internal Control 3.1 Five primary components of Internal Control Systems 3.2 Six Principles of Control Activities 4 Existing Conditions and Recommendations 4.1 Well do Aspects 4.2 Aspects Need Improvements 5 Conclusion 1 INTRODUCTION This repute is prep ared in narrate to pass over the born(p) crack problems that LJB Company is facing in their mathematical operating theater dodging. The company is planning to go public, so it is very large for the leadership to understand what qualifies a company to be a public one in completing their inside book and cash systems. The proclaim first introduces key definitions and background teaching related to internal chasteness system, and the principles the leadership needs to know. In order to go public, a company needs to serve new internal lock requirements which are explained in the diversion chapter.

Based on existing conditions the President provided, the report because confirms the correct things the company is performing. It also cites incorrect things in the actual internal control system that violate internal control principles. Finally, the report provides recommendations to improve the companys current internal control probl ems. All solutions are based on materials t! rustworthy from the thickening side, and are only limited to internal control system which may not be applicable to former(a) areas. The author militia the rights for any further explanation 2 DEFINATIONS In order to better understanding what is suggested in the report, here are both(prenominal) key definitions that help statements that follows: 2.1...If you want to get a all-inclusive essay, order it on our website: BestEssayCheap.com

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