Fi504

Attn: President of LBJ keep company In high nightclub for this company to go public they allow for impart to play along the guidelines for indispensable attend driven by the Sarbanes-Oxley Act of 2002. The principles of internal pull strings ar: establishment of responsibility; separatism of duties; financial backing procedures; physical controls; commutative internal veri?cation; and humankind re tooth root controls.These bequeath be the guidelines you bequeath stand to hire in order for your company to go public. The use of these comp singlents are designed to reduce snake oil and console your company. The company is doing well with pre numbering of invoices it helps to keep track of expenses. I do recommend that the indelible ink machine be purchased and used to print the checks. This will keep down pasquinade and forgery. Which is recommended under the the Control Activities called Voucher System Controls. This also follows the support procedures. These pro cedures suggest to use pre numbered invoices which helps prevent a transaction from be recorded more than once and/or not being recorded at all. Using pre numbered invoices is a great blood line document for the accountants and helps to ensure timely recording of these transactions. This will represent the company?s books more accurate and reliable.

Since there is solitary(prenominal) matchless accountant that handles the pay checks that abides to Establishment of Responsibility and put the checks in a safe follows the Physical Control guideline. The company will gravel to hire more employees. The company can not have one accountant that serves as both ! the Treasurer and the command and receives the checks and completes the monthly reconciliation. This is not in accordance with the internal control guidelines stipulate by the Sarbanes-Oxley Act of 2002 for public companies. The company will have to implement a segregation of duties. The same employee cannot be responsible for related activities. The company will have to set up a system that enables one employee to check the diddle of another. I recommend...If you want to get a full essay, order it on our website: BestEssayCheap.com

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