Write down a 750 to 1,050 word paper in APA format, comprising citations and references, summarizing your ideas regarding internal controls.
Comprise the given:
a) An introduction to internal controls, describing in your own words the two primary goals of internal control.
b) An explanation of how the Sarbanes-Oxley Act of 2002 has influenced internal controls.
c) The description of why a company which announces deficiencies in its internal controls would probably experience a fall in the price of its stock.
d) A synopsis of what you consider to be the limitations of internal controls - Cite particular illustrations.
e) A conclusion which summarizes your main points.
f) A comparison of the internal control principles of (a) establishing responsibility, (b) using physical, mechanical and electronic controls, (c) segregation of duties and (d) independent internal verification.