Management Reporting

MANAGEMENTS
REPORTING

REPORT ON INTERNAL CONTROL OVER FINANCIAL

counseling is responsible for establishing and maintaining adequate internal
chasten oer monetary inform of the caller. Internal regard over financial
reporting is a treat designed to put up reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements for
external purposes in conformation with write up principles generally accepted in
the United States of America.




The comp boths internal control over financial reporting includes those policies
and procedures that (i) pertain to the maintenance of records that, in reasonable
detail, accurately and fairly reflect the transactions and dispositions of the assets
of the company; (ii) provide reasonable assurance that transactions are recorded as
indispensable to permit preparation of financial statements in pact with
accounting principles generally accepted in the United States of America, and that
receipts and expenditures of the company are being made only in accordance with
authorizations of management and directors of the company; and (iii) provide
reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use, or disposition of the companys assets that could have a material
effect on the fmancial statements.
Because of its inherent limitations, internal control over fmancial reporting may
not prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the adventure that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.
Management conducted an evaluation of the effectiveness of internal control over
financial reporting based on the framework in Internal Control-Integrated
Framework issued by the Committee of Sponsoring Organizations of the
Treadway Commission (COSO). found on...If you want to get a full essay, order it on our website: Orderessay



If you want to get a full essay, wisit our page: write my essay .