Ljb Company Case - 1592 Words

External Consultation to LJB Company EXTERNAL CONSULTATION TO LJB COMPANY Abstract A paper presented on the case study 2 review of LJB Company. The paper will address growing issues of Sarbanes-Oxley compliance, and business ethics in regards to Corporate Social Responsibility (CSR) and adherence to current regulatory federal mandates. Paper presents tools for consideration for tomorrow’s leaders and gives a general overview of internal control strategies corporations take to limit legal responsibility in ethical/moral matters that include; matters of fraud mitigation, document retention, control activities, information/communication factors, monitoring, and assessing risk. This paper argues that†¦show more content†¦* Recommendation: Establish an Audit Committee to have oversight of accounting department. Findings reflect a lack of establishment of responsibility; including essential assignment of individuals that concludes an individual being responsible for a task, and another maintaining physical custody. This also includes the responsibilit y including authorizations and approval for transactions (Kimmel, Weygandt amp; Keiso, 2009). * Recommendation: Allow safe to be placed under physical control of an individual and independent person is identified to conduct physical security reports on the safe. The safe should be placed somewhere in which two individuals are required to access and lock, and record is maintained of access to the safe and checked by supervisor. Segregation is essential to the system of internal controls. Although LJB Company is streamlined for maximum efficiency some recommendations for segregation would be required prior to going public. * Recommendation: Allow for related activities to be assigned to different individuals such as receiving checks and conducting bank reconciliation. Physical custodyShow MoreRelatedLjb Company Case Study 21517 Words   |  7 Pages LJB COMPANY | Internal Control | REQUIREMENTS AND REVISIONS | Prepared To: LJB Company’s President Prepared By: Yenny Gutierrez6/03/2013 | TABLE OF CONTENTS Introduction New Internal Control Requirement 4 Establishment of responsibility 4 Segregation of duties 4 Documentation procedures 4 Physical controls 4 Independent internal verification 5 Human Resources controls 5 Reviewing LJB Internal Controls 5 Pre numbered invoices 5 Ink machineRead MoreLjb Company Essay943 Words   |  4 PagesLJB Company: Internal Controls LJB Company: Internal Controls Contents Introduction 3 Internal Control Requirements 2 Strengths and Recommendations 2 Violations 3 Conclusion 4 Works Cited 4 Introduction LJB Company has asked the accounting firm to evaluate their system of internal controls because of the plan to go public in the near future. The president wants to be aware of any new regulations required of his company if they go public. The current system of internal controlsRead MoreEssay Acct 504 Case Study 21016 Words   |  5 PagesAccounting 504 Case Study 2 Keller Graduate School of Management Prepared by: Samara Ellison Prepared for: Professor Hicks 3 April 2013 To: LJB Company President From: Samara Ellison, 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 requirementsRead MoreInternal Controls Relating to the Bjb Company Essay1130 Words   |  5 PagesAll publicly trader companies in the USA are required to maintain and have an up to date system of internal controls. Since the LJB Company is wishing to become a public entity, I am glad to be able to assist in this action. First, the rules and regulations must be reviewed and compared to the company and how it can become public. To make the company attractive to buyers, investors, and other capital sources, it is crucial that the corporate organization and governance are well manifested. CorporateRead MoreEssay on Case Study 2 - Internal Control736 Words   |  3 PagesCase Study Two Name Accounting and Finance 02Feb2011 Dear President of LJB Company, (1) If the LJB Company should decide to become a publicly traded company, a few internal controls should be implemented to comply with the Sarbanes-Oxley Act (SOX). * Management will need to provide periodic quarterly reports to evaluate the effectiveness and reliability of LJB’s internal controls over financial reporting procedures. * Management should certify the accuracy and fairness of presentationRead MoreLjb Companys Internal Controls1608 Words   |  7 PagesCase Study 2: LJB Company’s Internal Controls Michael Del Toro FI504 - Accounting Abstract This paper shall focus on the criticalities involved in LJB’s transactions and how it may implement internal controls to the business processes while increasing the accountability of individuals involved in its ‘lean business process.’ With the advent of the Sarbanes-Oxley Act and its repercussions to the manner in which businesses must prevent fraud (both external and internal) to not misrepresent anyRead MoreEssay Acct 504 - Case Study Ii - Internal Controll1504 Words   |  7 PagesCase study II – Internal control Managerial Accounting and Finance – ACCT 504 Keller Graduate School of Management May 2013 Session Date of June 11, 2013 Table of Contents Introduction 1 Internal control rules and regulations requirements before going public 1 THE BAD – Things that the company does poorly 2 Recommendations to the President 4 Conclusion 6 Bibliography 7 Case study II – Internal control Introduction Internal control refers to methods, techniques and measuresRead MoreEssay on Internal Controls Case Study767 Words   |  4 Pages I was asked to give my recommendations on LJB Company’s internal control system before the company decides to go public in the future. Based on my review of the information that I have been given, the following are my recommendations for new internal controls: 1. Establishment of Responsibility 2. Segregation of Duties 3. Human Resources Control 4. Independent Internal Verification 5. Physical controls It is good to see that LJB recognizes the efforts of its long term employeesRead MoreAcct 504 Case Study 21024 Words   |  5 PagesPrepared for: The President of LJB Company October 5, 2014 Table of contents Introduction: _______________________________________________________________3 New internal control requirements: ______________________________________________3 What the company is doing right: _______________________________________________4 What the company is doing wrong: ______________________________________________5 Conclusion: ________________________________________________________________5 Read MoreAcct504 Case Study 21971 Words   |  8 PagesCase Study 2: Internal Control Table of Contents Introduction Part 1: Internal Control Requirements Part 2: What the Company is Doing Right Part 3: What the Company is Doing Wrong Conclusion Works Cited Introduction The LBJ Company is currently making a decision to go public or not and with that The LBJ Company will also need to become knowledgeable about their internal controls within their systems, specifically in regards to Accounting and also Human Resources and how it will affect

Oedipus Essay - 568 Words

Oedipus, from the play Oedipus the King, is a very unique character whose different aspects are revealed throughout the play. As he talks with characters such as Creon, Jocasta, and Tiresias, we get a well painted portrait of the aspects of Oedipus’ character. The ambitious aspect of Oedipus’ character is revealed through his conversations with the Leader and the Chorus. When the Leader steps up at the beginning of the play to offer suggestions, Oedipus gladly accepts; he asks no one to â€Å"hold back† (323) and for everyone to just say whatever information they had on the killing of Laius. Oedipus is very open-minded to the Leaders suggestions. He promises the citizens of his town, the Chorus, that he will find the murderer of King Laius.†¦show more content†¦When Creon asks Oedipus to listen to him, Oedipus refuses Creon and insults him in public. Even the arrogant King Oedipus can be kind and compassionate Oedipus is very kind and compassionate to Jocasta. He shows deep love and compassion towards her. When Jocasta asks something from Oedipus, â€Å"she receives from [Oedipus] whatever she desires†. (648). An example of this is when Jocasta requested him to stop arguing with Creon, Oedipus complied. While Jocasta is around, Oedipus seems to be another person; he is affectionate, instead of â€Å"haunting† as he normally is; even to Creon, he seemed to have calmed down and accepted some of Creon’s attempts at proving his innocence. Oedipus is not as kind as he is to Jocasta to everyone, especially towards Tiresias. Oedipus may be a foul mouthed character, but Tiresias is just as absurd. Oedipus’ short temper and stubbornness is exploited when he talks to Tiresias. Another trait that is revealed is impatience. When Oedipus insulted Tiresias in public, questioned his power to foresee, and accused him of lying to his fellow citizens, he replied back promptly and accused Oedipus of â€Å"scourging his own flesh and blood†(474), and said he will be â€Å"rooted from the earth brutally.† (489). Oedipus does not take this in well and kicks Tiresias out of his castle. Even though Tiresias wasn’t trying to accuse Oedipus of murder, Oedipus insultedSho w MoreRelatedThe Oedipus Complex ( Oedipus )1666 Words   |  7 Pagesmother and her son. Sigmund Freud himself came up with the Oedipus complex, which is when a boy has an attachment to the mother, which in turns results in aggressive and envious feelings toward the father and these feelings are largely repressed. The Oedipus complex comes from Sophocles’ Oedipus Tyrannus but has largely been associated with Hamlet as well, since he and his mother Gertrude, have an extremely complicated relationship (Oedipus Complex). Hamlet is the predecessor of modern psychologicalRead MoreThe Tragedy Of Oedipus Oedipus Rex 928 Words   |  4 Pagesbetween Oedipus’ irrevocable circumstances as well as his flawed character that makes Sophocles’ â€Å"Oedipus Rex† a quintessential example of Greek drama. His circumstances, which are set by the Gods, are profound and beyond anyone’s control; either he must be killed or there will be great consequences. His parent’s rejection of the oracle set by the gods, the degrees of separation from his origin, and his flawed sense of pride is the complexity of the plot as well as what makes Oedipus the complexRead MoreOedipus The King Of Oedipus868 Words   |  4 Pageschallenge that waits upon one. Confidence overpowers cockiness. The cocky trait is heavily represented in the story â€Å"Oedipus the King† (c. 430 B.C.) by Sophocles. In the story, Oedipus the king of Thebes has the cocky trait and it results in torture for life. Oedipus’s arrogant personality shows throughout the story as he tries to find the killer of the former king of Thebes, his father. Oedipus tends to deem himself as a god throughout the story which plays a big role in interaction with people around himRead MoreOedipus The King Of Oedipus1019 Words   |  5 Pageswhat makes Oedipus actions in his quarrel with Teiresias and also throughout the play so dramatically compelling, is the fact that the audience knows the outcome of the story. We know Oedipus fate even before he does, and there is no suspen se about the outcome itself, instead, the audience anxiously awaits Oedipus to reveal his fate unto himself in his desperate quest to rid his city of the terrible plague, or maybe even more so, to simply discover his own unfortunate tale. Oedipus is relentlessRead MoreOedipus The King : Oedipus1328 Words   |  6 PagesOedipus the King Oedipus had a lot of different character traits both good and bad. He had a good conscience; he cared deeply for the people in his life and protected them. He was very empathetic, smart and a dependable man who lived his life with great integrity. He was an honest man with strong moral principles and lived a righteous life. He found it difficult to live anything less than a righteous life; when he realized what had become of his life, his guilty conscience consumed him. He was filledRead MoreOedipus By William Shakespeare s Oedipus1096 Words   |  5 PagesThebes is that they have a plague. Oedipus wants to discover the murderer of Laius in order to end the suffering of his people. 2. (Question 2) Oedipus is a man of action, but he is also a man of temper. Oedipus bullies Tiresias into answering him. It is at this point that Tiresias reveals that Oedipus has killed the previous king, Laius. A pattern emerges regarding Oedipus behavior. He has a temper, but is also used to having his way. At one point Oedipus becomes extremely angry and accusesRead More The Character of Oedipus in Oedipus and The Infernal Machine893 Words   |  4 Pages The Character of Oedipus in Oedipus and The Infernal Machine   Ã‚   The stories of Oedipus, as told through Senecas Oedipus and Cocteaus The Infernal Machine, contain both similarites and differences. Both authors portray the character of Oedipus as being obstinate, ignorant, and inquisitive. Yet Seneca and Cocteau differ on their interpretation of the motives that propelled these characteristics of Oedipus. Seneca portrays Oedipus as a mature man who, in seeing the troubles of the plague thatRead More tragoed Oedipus as the Ideal Tragic Hero of Oedipus the King (Oedipus Rex)1217 Words   |  5 PagesOedipus as the Ideal Tragic Hero of Oedipus the King In the introduction to Sophocles Oedipus the King, Sophocles defines a tragic hero as one who [behaves] admirably as a man, [but who] is nevertheless tripped up by forces beyond his control and understanding... (Sophocles 76).   In Oedipus the King, Oedipus is the tragic hero. The force that trips up the hero is fate, or, moira. It is Oedipuss actions that set the events into motion,   but it is ultimately his fate, and his attemptedRead MoreThe Characterization Of Oedipus Oedipus Rex 1303 Words   |  6 PagesIn Sophocles tragic play, Oedipus Rex, there is often feedback when discussing the characterization of Oedipus. Key issues in this play are pointed towards in realm of a tragedy, because Oedipus suffers a few character flaws such as anger, pride and arrogance. Within those flaws, he fails to reflect upon his actions; causing blindness and later, result his honor to be under minded and seen at the forefront of Thebes. What makes this play more on the fringe than other tragic plays are Oedipus’sRead MoreOedipus Essay767 Words   |  4 PagesSophocles Oedipus the King is a tragic play which discusses the tragic discovery of Oedipus that he has killed his father and married his mother. The story of Oedipus was well known to the athenian s. Oedipus is the embodiement of the perfect Athenian. He is self-confident, intelligent, and strong willed. Ironically these are the very traits which bring about his tragic discovery. Oedipus gained the rule of Thebes by answering the riddle of Sphinx. Sophocles used the riddle of the sphinx

What is our future going to be like if we continue Free Essays

As technology advances to enhance our lives, we begin to take no heed of the environment surrounding us. There are approximately 7 billion people In the world, and due to the vast population, our resources are dramatically being depleted. Another reason why resources are being wasted Is that people don’t know how to be echo-efficient due to lack of exposure to Information/awareness. We will write a custom essay sample on What is our future going to be like if we continue or any similar topic only for you Order Now It Is also cheaper to perform activities without the concern of harming the environment. For example, most petrol cars are cheaper than electric cars. Lastly, some things work better and are efficient (despite harming [depleting the environment) than echo-friendly reduces. If we ruthlessly persist to waste resources, we will face a tremendous number of problems In the future. When resources begin to run out, prices get higher as the demand increase. This eventually leads to the ultimate annihilation of the resources, thus making the human survival to gradually decrease. We then must have to look for another source to depend until we totally wipe out its presence. This cycle will continue until we have n resources left, thus leaving us vulnerable and a possibility of experiencing slow extinction, as a human race. We should first look onto ourselves and start individually by adjusting our lifestyles to as much â€Å"environmental-efficiency as we can. Simple ways include recycling, turning off lights when not in use, buying echo-friendly products, and much more. Once you’ve felt that you’ve done enough to be â€Å"green†, begin to spread your concerns and knowledge with other to show your efforts of conserving the Earth’s resources. Begin a club or join an organization and help your community (planting gardens or simply picking up garbage). If everyone can make a small act of kindness, everyone’s efforts can make a huge difference! How to cite What is our future going to be like if we continue, Papers