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
Premium Public company Internal control Asset
1 Introduction In recent years‚ the sliding mode control system has been widely used for robust control of nonlinear systems (the author Slotine and Li‚ 1991). The sliding mode control‚ based on the theory of variable structure systems‚ has attracted a lot of investigate on control systems for the last two decades. A comprehensive survey on variable structure control was given in Hung and other. (1993). The salient advantage of sliding mode control is robustness against structured and unstructured
Premium Management Leadership Strategic management
Case Study Two Name Accounting and Finance 02Feb2011 Dear President of LJB Company‚ (1) If the LJB Company should decide to become a publicly traded company‚ a few internal controls should be implemented to comply with the Sarbanes-Oxley Act (SOX). * Management will need to provide periodic quarterly reports to evaluate the effectiveness and reliability of LJB’s internal controls over financial reporting procedures. * Management should certify the accuracy and fairness of presentation
Premium Internal control Sarbanes–Oxley Act Cash
1) In the eyes of its customers‚ In-N-Out Burger provides them a huge value that they are willing to go well out of their way for. From In-N-Out’s beginning‚ their marketing plan has been simple and effective in order to capture value from its customers. For this to happen‚ In-N-Out needs to understand the market place and their customers needs and wants. In this case‚ In-N-Out knows that their customers do not just want a burger from a large chain restaurant‚ but one from a restaurant that has kept
Premium Marketing
The application of study loans The chart shown that as increasing for study loan among students. The years of applications for study loans is from 2004 until 2008. This chart is too closely related between the applications for study loans and the reason for applying for study loans. The applications for study loans are including male and female students. There are many reasons for students who wants to applying for study loans. Firstly‚ the comparison year from 2007 till 2008. It
Premium Lebanon, Tennessee
acct 504 | MANAGERIAL USE ANLYSIS | CASE STUDY 2 INTERNAL CONTROL | 12/1/2012 | Case Study 2 Internal Control . A requirement is important to know that all publicly traded U.S. corporations are required to maintain an adequate system of internal controls and procedures for financial reporting in accordance with the Sarbanes-Oxley Act Section 404. It is the responsibility of your executives to ensure there are dependable and effective controls in place‚ and auditors from outside the
Premium Internal control
Port State Control (PSC) is the right and‚ in an increasing number of countries‚ the legal obligation of the authorities of the port State to board a foreign ship and verify its compliance with international rules and regulations. PSC is the means by which a nation exercises authority over foreign merchant vessels that are within waters subject to its jurisdiction. PSC aims to verify whether foreign flagged vessels comply with the applicable international conventions on safety‚ pollution prevention
Premium Law International trade Contract
31st 1870‚ Maria Montessori was born in Chiaravalle in the province of Alcona‚ Italy to father Alessandro Montessori and mother Renilde Stoppani Montessori. Her father‚ being a soldier‚ had old-fashioned ideas‚ conservative manners and apparent military habits. Her mother‚ Renilde Stoppani‚ was a bright well-educated woman. Being a well-read person‚ she also encouraged Maria to do the same. For Renilde it was important for girls to have a good education. With Renilde’s influence‚ Maria started to
Premium Maria Montessori Montessori method Pedagogy
1. Rich Snyder was twenty-four years old when his father passed away and he assumed leadership of In-N-Out Burger. Was his young age an asset or a liability for leadership of the company? Explain you answer. Take a position Does age really matter in the first place? I think the age didn’t really matter. It’s the experience or knowledge that makes the difference. Rich was young when his father had him involved in the business‚ so by the time he passed Rich should’ve been able to lead the company
Premium Strategy In-N-Out Burger Term
Committee of Sponsoring Organizations (COSO) Internal Control Framework’s Components of Internal Control Requirements 1. There was a lack of proper authorization in the budget process. The superintendent Spigot committed several projects that were not on the budget. For example‚ rent expenses were not budgeted in that fiscal year‚ which caused the budget to overrun and increase expenditures for custodial services. Also‚ the unbudgeted projects ran by the superintendent were not approved by the
Premium Management Project management Construction