Fi 504 Case Study 2

Attn: President of LJB Comp some(prenominal) It is my understanding that LJB Company is a local anesthetic distributor and has asked for the assistance of our explanation firm to evaluate their on-line(prenominal) ashes of national overtops with the objective in mind to go diff custom in the future. As you may be aware, the Sarbanes-Oxley Act of 2002 (SOX) requires any public anyy traded U.S. corporations to maintain adequate system of home(a) control. inwrought control consists of all the related methods and measures adopted within an anamnesis tab allow to safeguard its assets, enhance the dependability of its accounting system record, increase capability of operations and ensure compliance with laws and regulations.

in spite of appearance the internal control, on that point are six principles of control activities that I will localise and how LJB Company is currently implementing these principles and where value may be recommended: First, let me state the six principles of control activities I will be referencing: 1) Establishment of responsibility 2) sequestration of duties 3) Documentation procedures 4) Physical controls 5) Independent internal verification 6) human resource controls Currently, LJB Company has established a some internal control principles well and I would like to gain you to happen these activities as they relate to the process in place. Pre-Number Invoices: utilize pre-numbered invoices is a good example of documentation procedure. Companies should establish procedures for documents. Companies should intent pre-numbered documents, and all documents should be accounted for. Pre-numbered documents helps prevent a transaction from beingness ! enter twice or non at all. risk-free employ for Employee Checks: Using a safe for the employees checks when the controller is not present is a good example of physiologic controls. The use of physical control is essential to safeguarding assets and enhances the accuracy and reliability of the accounting records Positive points for LJB are the decision to switch to...If you ask to suck a full essay, order it on our website: OrderEssay.net

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