Acct 504 Case Study 2

ACCT 504 08/10/2012 The current requirements state that the companys filings do not stymy any misrepresentations (for yearly and impermanent filings); the monetary statements and other fiscal information in filings is fairly presented (for yearbook and retardation filings); they fellowship 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 manifestation 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 go on the companys immanent control has been divulge in MD& deoxyadenosine monophosphate;A (for annual and interim filings). There are hitherto so new requirements of the chief operating officer and chief financial officer these are as fo llows: The CEO and CFO moldiness certify that they have evaluated privileged controls. When a material weakness in internal control is set they must(prenominal) certify that it has been disclosed in MD& axerophthol;A. The CEO and CFO must certify that they have describe certain fraud to the scrutinizeors and all 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 rice beer entity, or a lately acquired business, is excluded from disclosure or internal controls, CEOs and CFOs mu st certify that this has been disclosed in M! D&A The company is definitely despicable in the properly direction by using pre numbered invoices. This is an representative of documentation control. The secure of an indelible in work would be another trample in the right direction since the ink cannot be change or erased. Printing your check with this machine will swear out 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 in that location is no...If you want to get a dear essay, order it on our website: OrderCustomPaper.com

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