Study 2 Solution Date:-08/10/2014 LJB Company :- Internal control No | Particular | Page no | 1 | Introduction | 1 | 2 | Topic 1 Explanation | 1-2 | | Internal control requirement | | 3 | Topic 2 Explanation | 2-3 | | Internal control requirement | | 4 | Topic 3 Explanation | 3-4 | | Internal control requirement | | 5 | Summary of recommendation | 5 | 6 | conclusion | 6 | case study 2 solution Dear president of LJB Company,
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LBJ Internal Report Contents I. Introduction II. Sarbens Oaxley III. Internal Controls a. Strenths b. Weakness c. Recommendations for Improvements IV. Conclusion V. Works Cited I. Introduction The following internal report will list the requirements for LBJ Company to go public. The report was completed by an external accounting firm and is intended to advise LBJ Company of the strengths and weakness of their current internal controls. All
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ACC/544 Internal Control Systems | |Copyright © 2010, 2009, 2008 by University of Phoenix. All rights reserved. Course Description In this course, students gain a broad perspective of accounting and control that considers attainment of all goals of the organization, including those concerned with financial objectives. Topics include an overview of control, risk management, internal control systems, controls for current asset functions, controls for other accounting classifications, controls for
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Principle8: Business should undertake initiatives to promote greater environmental responsibility Recommendation 1: Establish an organization to exchange technology, support and oversee each other about environmental issue Lessons we have learned: * Google (carbon dioxide emissions) * Starbucks (water waste) * Kraft (exploit legal loopholes to avoid environmental responsibilities and disclosure of environment information in some developed countries) * Monsanto (In
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of the case study 1) Internal control In this case study the first issues is about lack of internal control in the organization. Internal control is defined as a process affected by an organization’s structure, work and authority flows, people and management information systems, designed to help the organization to achieve specific goals or objective. In this case study, we found that the internal control is very low. It is because Mohamed Salem El-hadad, internal auditor had discovered the
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Professor Ganesh 3 Oct, 2013 To: LJB Company President From: Purvi Patel, Accounting firm Subject: Evaluation of LJB Company’s Internal Control Structures Date: 3 April 2013 Hello LJB Company President: First, I would like to thank you for hiring my accounting firm to evaluate LJB’s internal controls system. This report will inform you of any new internal control requirements required for LJB to go public, advise you of what the company is doing right, recommend that LJB purchase an indelible
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S. generally accepted accounting principles, the objective also includes reporting on: • Internal control related to the financial statements and compliance with laws, regulations, and the provisions of contracts and grant agreements, noncompliance with which could have a material effect on the financial statements, in accordance with Government Auditing Standards. • Internal control related to major programs and an opinion (or disclaimer of opinion) on compliance with laws, regulations
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CONTENTS INTRODUCTION 2 ISSUES 3 QUESTION and ANSWER 4 RECOMMENDATION 8 CONCLUSION 10 BIBLIOGRAPHY 11 INTRODUCTION Biovail Corporation was one of the Canada’s largest pharmaceutical publicly traded companies which expert in the development and large scale of manufacturing of pharmaceutical products. Biovail Company engaged activities on enhance formulate of the existing drugs, clinical testing, manufacture and commercial pharmaceutical products and utilized advanced drug delivery
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Tesla Motors Corporate Governance History of Corporate Governance at the Firm: Tesla Motors is an American manufacture company that focuses on electric vehicles and advanced electric vehicle powertrain components. In July 1, 2003, Martin Eberhard and Marc Tarpenning incorporated Tesla Motors. Both of them played active roles in the company’s early development. Eberhard, Tarpenning along with Tesla’s current CEO Elon Musk composed initial three-person board of the company. As a relative new
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Review of LJB Company Internal Controls Introduction: This memorandum transmits the review results for LJB Internal Controls requirement for the upcoming public issue of LJB. Further it also provides the details of current practices of Internal Controls and future recommendation as per the Federal Standards. Results & Recommendations: Based on our review we identified certain deficiencies that prevent LJB Company from fully satisfying the standards for Internal Control in the Federal Government
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