Company Internal Control Statement

Laman Company indwelling arrests System Evaluation Report leaf node: LJB Company Oct. 5, 2012 dishearten OF CONTENTS 1 Introduction 2 Definitions 2.1 Fraud 2.2 Internal meet condition 2.3 The Sarbanes-Oxley Act 3 spirit 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 tell is prep ared in range to pass over the natural crack problems that LJB Company is facing in their mathematical subprogram musical arrangement. The company is planning to go public, so it is very owing(p) for the leadership to understand what qualifies a company to be a public one in completing their ingrained have and cash syste ms. The news report first introduces key definitions and background precept related to internal chasteness system, and the principles the leadership needs to know. In order to go public, a company needs to process new internal control requirements which are explained in the frolic chapter.

Based on existing conditions the President provided, the report because confirms the sink 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 int ernal control problems. All solutions are ba! sed on materials trustworthy from the invitee side, and are only limited to internal control system which may not be applicable to former(a) areas. The author reserves the rights for any further explanation 2 DEFINATIONS In order to better understanding what is suggested in the report, here are roughly key definitions that help statements that follows: 2.1...If you want to get a sound essay, order it on our website: BestEssayCheap.com

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