Acct 504 Case Study 2

ACCT 504 08/10/2012 The current requirements state that the companys filings do not kibosh any misrepresentations (for yearly and impermanent filings); the monetary statements and other monetary information in filings is fairly presented (for annual and lag filings); they make love designed, or caused to be designed under their supervision, revealing tames and procedures and interior control over financial reporting (for annual and interim filings); they have evaluated, or caused to be evaluated under their supervision, the effectiveness of divine revelation controls and procedures, and tell their conclusions in MD& antiophthalmic factor;A (for annual filings only); and any change that has, or is likely to, materially advocate the companys cozy control has been divulge in MD& adenylic acid;A (for annual and interim filings). There are blush so new requirements of the chief operating officer and chief financial officer these are as follows: The CEO and CF O mustiness manifest that they have evaluated internecine controls. When a material weakness in internal control is set they must certify that it has been disclosed in MD& ampere;A. The CEO and CFO must certify that they have describe certain fraud to the scrutinizeors and each the board or audit committee. The CEO and CFO must certify which control exemplar was used to design internal control.

Finally, where a proportionately amalgamate or variable pastime entity, or a lately acquired business, is excluded from disclosure or internal controls, CEOs and CFOs must certify that this has been disclose d in MD&A The company is definitely ! despicable in the veracious direction by using pre numbered invoices. This is an representative of documentation control. The bargain for of an indelible in work would be another smell in the right direction since the ink cannot be neutered or erased. Printing your check with this machine will table service reduce errors and fraud. Storing the checks in the safe when the control is not in the office is another good control to ensure that thither is no...If you want to get a dear essay, order it on our website: OrderCustomPaper.com

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