Write a 750- to 1,050-word paper in APA format, including citations and references, summarizing your ideas about internal controls.
- Includethe following:
- An introduction to internal controls, explaining in your own words the two primary goals of internal control
- A description of how the Sarbanes-Oxley Act of 2002 has affected internal controls
- An explanation of why a company that announces deficiencies in its internal controls would probably experience a fall in the price of its stock
- A synopsis of what you consider to be the limitations of internal controls - Cite specific examples.
- A conclusion that summarizes your main points
- A comparison of the internal control principles of (1) establishing responsibility, (2) using physical, mechanical, and electronic controls, (3) segregation of duties, and (4) independent internal verification.