Graded Internal Controls_Roberta Arnold.docx

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Running head: INTERNAL CONTROL PROCEDURES 1 Internal Control Procedures Roberta Arnold XACC/210 September 19, 2014 Donna Rosentrater
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INTERNAL CONTROL PROCEDURES 2 Internal Control Procedures The definition of internal control, would cover the policies, procedures and plans that the management of a company put into place in order to protect its assets. This involves the company’s board of directors, the management, as well as any other personnel in the firm necessary (Bagranoff, Simkin, & Norman, 2010, Chapter 11). Maintaining strong controls over financial reporting According to their 2013 Annual Report PepsiCo, strives to maintain a strong control over their financial reporting. They can accomplish this by following the guidelines that are set forth by the Committee of Sponsoring Organizations of the Treadway Commission ("PepsiCo," 2013). What are the guidelines? By using this system, PepsiCo is able to follow the guideline that ensures all of their accounting transactions are not only authorized they are properly recorded.
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  • Spring '09
  • Prof.S
  • Balance Sheet, U.S. Securities and Exchange Commission

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