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