CONTROL REQUIREMENTS FOR GOING PUBLIC Sarbanes-Oxley Act of 2002 (SOX)‚ enacted on July 29‚2002‚ is a United States Federal law that imposed new rules and regulations for all US public companies. Under SOX Section 404‚ all publicly listed corporations are required to maintain an adequate system of internal control. Under SOX‚ corporate executives and the board of directors are personally responsible for making sure that the internal controls in place are effective and reliable. Independent auditors
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1. (TCO A‚ B‚ C) External users want answers to all of the following questions except: (Points : 3) Is the company earning satisfactory income? Will the company be able to pay its debts as they come due? Did the company use a budget to plan its expenses? How does the company compare in profitability with competitors? | 2. (TCO C) Debt securities sold to investors that must be repaid at a particular date some years in the future are called: (Points : 3) accounts
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The Brewster-Seaview Landscaping Co. owned and run by Joe Brewster is small private landscaping company that hires students in the summer. During the first summer the workers showed great enthusiasm and responsibility for the work that they were doing due to the relaxed and informal atmosphere Joe had provided. Maslow’s theory of hierarchy refers to the model that displays the order of what factors motivate workers. As the lower level need becomes satisfied‚ the next higher need is the primary motivator
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M-Arch’s Landscaping (About Us/Who We Are) M-Arch Landscaping‚ is an year round landscaping company designing for residential and commercial clients for decades. The company’s prestige dwells on strong commitments to timely execution of exceptional works. Ranging from custom designs to comprehensive installations‚ the team create inspiring landscape’s that are functional‚ pleasing and adaptable to your surroundings. Skilled‚ knowledgeable and talented thinkers outline the blueprints for meeting seasonal
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What is landscaping? Landscaping is improving the natural beauty of a piece of land by planting. Landscaping involves creating different topography (land position and elevation) and сombinations of plants and flowers. Landscaping Planting Ideas Proper plant selection is one the most important "secrets" in successful landscaping. Plants and colors are the "flavors" that bring your garden to life. They’re also elements that can be used with purpose such as screening‚ shade‚ erosion control‚ dividing
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Accounting 504: Managerial Use & Analysis Case Study 2 Written by: 8/10/13 This evaluation is being presented as an assessment of the preparedness of the LJB Company to go public at a future date. By researching current regulations regarding publicly traded firms we hope to prepare for a smooth transition into the trading market. The Sarbanes-Oxley Act of 2002 (SOX) has established the following guidelines for publicly traded corporations and require
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Case Study 1 Professor Blankenship Accounting 504 July 28‚ 2013 Salithia Smith Requirement 1- Prepare the Journal Entries in the General Journal Flower Landscaping Corporation General Journal Date Description Debit Credit |March 1 |Cash |72000 | | | |Common Stock
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Case Study: The Corporation 1. In the mid 1800s the corporation emerged as a "legal person" by way of maneuvering in the legal system. For the next 100 years we saw the rise to dominance of the corporation. The corporation created unprecedented wealth but at what cost? The externalities of corporate operations are responsible for countless cases of illness‚ death‚ poverty‚ pollution‚ exploitation and lies. Voice your opinion on this. Who Is Responsible for regulating these Corporations?‚ The Government
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To: President of LJB Company‚ Thank you for selecting our firm to provide your company with an evaluation of your organizations internal control system. Internal control systems are vital in securing your organizations assets‚ it will limit the risk of fraud as well as misuse of your assets. Comprehending how to separate duties among your employees will aid in improving transparency as well as keep your company financially strong. Before the company decides to go public it is important to know
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Eugene Williams Advanced Business Logistics‚ TLMT 441 Case Study 8-1 Telco Corporation May 25‚ 2012 Telco Corporation Customer Relationship Management allows businesses to leverage information from their databases to achieve customer retention and to cross sell new products and services to existing customers. In the case study regarding Telco Corporation‚ the company will need to implement a customer relationship management program to better their relationships with their customers‚ retain
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