3 . Suggest how you will incorporate any changes into your books and records . ( Note : You need to demonstrate to the lender / investor that you have recognized possible changes to GAAP that may impact the accounting and reporting of your accounting events .)
4 . Prepare a pro forma balance sheet and income statement providing the assumptions made and support the valuations assigned .
5 . Considering the value of assets ( assigned per your balance sheet ) used within your business , recommend two ( 2 ) specific internal controls that you will implement to protect your company ’ s assets and resources , justifying how each will provide assurances to management . ( NOTE : Safeguarding assets and protecting personal data are paramount to ensuring the viability of a business .
6 . Demonstrate to the lender / investor that your assets will be safeguarded and customer information ( if applicable ) will be protected .)
7 . Based on the internal control recommendations that you made , suggest how you will implement each within your business environment , indicating how challenges or resistances will be overcome .
8 . Evaluate the impact of the regulatory environment , including the Sarbanes-Oxley Act and other regulatory requirements , on your business venture , giving considering to how you intend to comply with the requirements and the general impact to decision making within your business .
9 . Use at least four ( 4 ) quality academic resources in this assignment . Note : Wikipedia and other Websites do not quality as academic resources