1. Inform the President of any new internal control requirements if the company

1.
Inform
the President of any new internal control requirements if the company decides
to go public.2.
Advise
the President of what the company is doing right (they are doing some things
well) and also recommend to the President whether or not they should buy the
indelible ink machine.When you advise
the President please be sure to reference the applicable internal control
principle that applies.3.
Advise
the President of what the company is doing wrong (they are definitely doing
some things poorly). Please be sure to include the internal control principle
that is being violated along with a recommendation for improvement.You
must prepare a formal report for the partner to distribute to the President so
no abbreviations or short-hand answers.