LJB Company Internal Control Memo After often motivatinged expressions and recommendations, I shed come to the conclusion that your familiarity is in choose of some new informal minces. If your follow is to go public, 1 thin you must do first is research and develops the necessary requirements to be in compliance with the Sarbanes-Oxley 404 act. This is mandatory for all companies inflammation public so that key versed surmounts argon in transmit for the companies to operate in compliance to the accounting standards. Those essential mesh standards atomic number 18; A aver environment, encounter assessment, control activities, information and communication, and monitoring. They atomic number 18 the key things that you have to have in order before you usher forth go public. Based on the information that was given to me and spiriting at the interworking of your boldness, on that intimate are somethings that I palpate you have established that are uncorr upted for the organization of the company. unmatched of the key internal controls is the control of the environment. The point that you fired the employee that was watching pornography on company time and devices. This is very significant because it sets a tone that there are rules in place and no exceptions will be tolerated. Another positive observation that I see with your organization is the use of risk assessment.
The fact that you are looking at your organization from an external and internal assessment, is a great locomote to making authentic that you are in compliance if you go public. You will need a nd exigency to be able to look at all the r! isk factors that are present and can happen. You would want to make sure that you have guidelines set up for you to manage this risk as they come. One thing that I do want to point out is that your company mentioned that they were raise in buying an ineradicable ink machine in order to print company checks. I dont think this is a good idea. This is in violation of the segregation of duties in operating in internal controls. The internal control states...If you want to get a full essay, order it on our website: OrderCustomPaper.com
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