d) Structure / line of businesses
e) Organizational structure( organization chart)
f) Yearly performance in terms of revenue( as compared with the three other companies identified)
g) Management and culture( i. e., how long has key staff been employed, stability of the company over the history, growth in industry)
II. First Year of SOX Compliance
a) The vice president( VP) and chief audit executive described the company as a likely candidate for a material weakness in the first year of SOX compliance. What were the elements critical to the company’ s decisive success in its first year of compliance?
b) What internal controls are important for preparing accurate and reliable financial reports? Support your response using both examples provided in the case study, as well as research into accounting standards( i. e., Public Company Accounting Oversight Board [ PCAOB ]).
c) Define, using support from accounting standards or other empirical evidence, what a material weakness is in terms of SOX compliance.
d) Assess, through reflection on the case study as well as the comparable industries identified in the overview, what material weaknesses are specific to Trinity.
e) Articulate standards addressed in PCAOB regarding the concept of material weaknesses in development of internal control compliance. Ensure that you demonstrate the requirements of SOX from inception in 2002.
f) Describe the factors that made Trinity successful by illustrating the flow processes of the organization both in a narrative and process flowchart