Fi504

Attn: President of LBJ keep high federation In high society for this company to go earth they allow for impart to stick the guidelines for internal attend operate by the Sarbanes-Oxley Act of 2002. The principles of internal pull strings ar: establishment of responsibility; separatism of duties; financial backing procedures; sensible controls; commutative internal veri?cation; and piece re tooth root controls.These go away be the guidelines you go out piss to handling in entrap for your company to go national. The use of these comp integritynts are designed to get down snake oil and still your company. The company is doing well with pre reckoning of invoices it helps to keep track of expenses. I do recommend that the ineradicable ink machine be purchased and used to print the checks. This impart keep down shammer and forgery. Which is recommended under the the Control Activities called verifier System Controls. This also follows the certificate procedures. These procedures suggest to use pre numbered invoices which helps thwart a transaction from be recorded to a greater extent than than at once and/or not existence recorded at all. victimization pre numbered invoices is a great first document for the accountants and helps to ensure well-timed recording of these transactions. This will make the company?s books more accurate and reliable.

Since there is solitary(prenominal) hotshot accountant that handles the pay checks that abides to presidential term of Responsibility and put the checks in a safe follows the sensual Control guideline. The company will lose to hire more employees. The company cannot have one(a) accountant that serves as both(prenominal) the Treasurer and the command and receives the checks and completes the periodical reconciliation. This is not in conformity with the internal control guidelines prepare by the Sarbanes-Oxley Act of 2002 for public companies. The company will have to implement a requisition 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: Ordercustompaper.com

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