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