Case Study 2 – Internal Control 1. Inform the President of any new internal control requirements if the company decides to go public. As per the accident that happened in the company about some employees was viewing pornography on company computer and he had a hard time to get his employees admitted that they were the one who doing it. He should use limit access by individual passwords for each person to log in the computer systems. To make sure that which person was log on in the computer and
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2 – Internal Control The following are the internal control requirements a company who wants to go public needs to be put into place. INTERNAL CONTROL REQUIREMENTS Management’s Assessment Section 404(a) of the Act and the related rules adopted by the SEC require management to assess the effectiveness of the company’s internal control over financial reporting as of the end of the company’s most recent fiscal year‚ and to state in the company’s annual report whether the company’s internal control
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Case Study 2 – Internal Control TO: LJB Company President FROM: Accounting Firm DATE: August 12‚ 2012 SUBJECT: Internal Control It is with great pleasure that we can provide you information and advisement on internal controls that will assist LJB Company with going public. We understand that you have communicated your concerns and expect that this report will assist you with deriving conclusions. This report will: 1. Inform you of any new internal control requirements in reference to going
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The weakness in internal control over cash disbursements is that there is no numbers on the check. If there were numbers on the checks it will be easier to file in order and the number to the check will be the identity of the person and reason for the check for the company’s records. Dear Management‚ The internal control over cash disbursements need to be revised. To maintain‚ proper and organized documents each check written by this company will have a number on it. For the safety of our
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Week #1 Individual Assignment Design a Flowchart for a Process Rebecca Thornley OPS 571 University of Phoenix June 22‚ 2010 Design a Flowchart for a Process Everyday‚ people perform daily processes as part of their regular routines and many of them may consume a great amount of time. In this paper‚ a specific process has been identified and a flowchart has been designed to show the various factors that affect the design process as well as the specific metric that identifies the measurement
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Design a Flowchart for a Process OPS/571 Design a Flowchart for a Process The daily process that I would like to do more efficiently and spend less time doing is my morning routine. I have chosen this process because it would allow me to examine the process I use every day to get ready for my day and hopefully find ways to reduce the time it takes me to complete my daily routine. The end result would be a more organized daily routine‚ which would allow me to have a more structured process
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A review of the effectiveness of the accounting system and internal controls of Cookridge & Cookridge Carpets ltd with any recommendations for improvement. Submitted by: Rita Mezher AAT student membership number: 10417659 Date: This report is submitted for assessment of the AAT unit ‘Internal control and accounting system.’ TABLE OF CONTENT 1. Term of reference 2. Executive summary 3. Methodology 4. Introduction to Cookridge and Cookrigde Carpets Ltd 5. Analysis and evaluation
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Thesis introduction is the first part of a thesis paper. Thesis introduction allows the readers to get the general idea of what your thesis is about. Thesis introduction acquaints the readers with the thesis paper topic‚ explaining the basic points of the thesis research and pointing the direction of your research. Thesis introduction has to contain the following information: * The thesis paper topic; * The reasons which pushed a student to write his or her thesis paper exactly on this topic;
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| | | | | | | |The first symbol in the flowchart |Used where the flowchart stops |Stand up |Sit down | | | | |
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Design a Flowchart for a Process University of Phoenix Operations Management OPS/571 Design a Flowchart for a Process Understanding the process of work flow is essential in every organization. “A process is any part of an organization that takes inputs and transforms them into outputs that‚ it is hoped‚ are of greater value to the organization than the original inputs” (Chase‚ Jacobs‚ & Aquilano‚ 2006‚ p. 154). This assignment will analyze the weekly commute time data‚ design a flowchart
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