Case Study 2 Internal Control System

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Week 5 Case Study 2, Internal Control System. By
Elias Hane
Ehane2000@yahoo.com
Cell: 786-488-8109
ACCT 504: Financial Accounting

Submitted To:
Professor Mario Perez
Keller Graduate School of Management
DeVry University - Miramar Campus
Miramar, Florida
MPEREZ@devry.net

December 5, 2012

Table of Contents
Page
Presentation………………………………………………………………………………….1 Introduction
Overview of the situation….…………………………………………………………….….3 Internal Control Requirement ……………………………………………............................4 Problem Statement……………………………………………………………………….….5 Segregation of Duties………………………………………………………………………..5 Independent Internal Verification…………………………………………………………..5 Documentation Procedure……………………………………………………………….…..6 References…………………………………………………………………………………...6

Everyday Internal Control System, Inc.
Miami, FL 33186

December 5, 2012
LJB, Inc. 1234 Central Parkway Miami, Florida 33152 (305) 321-1234

Dear LJB, Inc.

We would like to thank you for the opportunities you have provided us in evaluate the internal control systems of your company. As you know, internal control systems are paramount securing the assets of any company or organization. In your case Control System will play an important role in limiting the risk of fraud or asset misappropriation. Understanding how to segregate duties among your employees will help enhance transparency and keep your company fiscally healthy.

Based on my review of the LJB Company’s control system...
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