Write a 750- to 1,050-word paper in APA format, consisting of citations and references, summarizing your ideas regarding internal controls.
Consists of the following:
i) An introduction to internal controls, elucidation in your own words the two primary goals of internal control
ii) A explanation of how the Sarbanes Oxley Act of 2002 has affected internal controls
iii) An elucidation of why a company that announces deficiencies in its internal controls would probably experience a fall in the price of its stock
iv) A synopsis of what you consider to be the limitations of internal controls – Cite particular examples.
v) A conclusion which summarizes your main points
vi) A comparison of the internal control principles of
a) Establishing responsibility,
b) Using physical, electronic, and mechanical controls,
c) Segregation of duties,
d) Independent internal verification.