Audit of LJB CompanyEdna Raynor4/6/14Dear President of LJB Company,We have completed our evaluation of LJB Company's internal controls and will discuss our findings and recommendations in this report . Our firm has also researched current regulations regarding publicly traded companies to ensure that your business makes a smooth transition to the public market if you decide to pursue this option. Publicly traded companies are required to implement and follow guidelines for internal controls and financial reporting procedures set forth by the Sarbanes-Oxley Act (SOX) of 2002. This means that senior management and LJB managers are responsible for ensuring that controls are effective and reliable, in addition, the company must periodically engage external auditors who will be able to confirm the accuracy of internal controls. There are few internal controls that must be implemented to comply with the above regulations: Quarterly reports must be submitted regularly to ensure the effectiveness and reliability of internal control...