Search the Internet and locate an annual financial report for a public U.S. comp

Question

Search the Internet and locate an annual financial report for a public U.S. company. Read the Notes to the Financial Statements to determine the criteria for cash equivalents and how cash and cash equivalents are handled. Discuss your findings. Find information about the internal control policy of the company and summarize this policy in your post. Is it in compliance with SOX? What are some references to SOX mentioned in the annual report? Your answer should demonstrate understanding of the Sarbanes-Oxley Act, and be a minimum of 100 to 200 words in length.

Explanation / Answer

Ans;

The Company selected in Target Corportation. The criteria for thier revenue is that they are supermarket chain which comes in 2nd positive all over the work in terms of Volume as well as Sales after walmart.

Target Corpoartion is completely in Complaiance with SOX. They are complying with all the SOX norms and the internal control is planned very reliably where they are having proper segregation of duties , rotation of employees , , review of work by sinere most employees etc.

:

Some of the references are as follows:

1) not giving loans to the directors of the company

2)additional disclosures is there on Financial Statements

30Disclosing % of Shareholdings of Directors , Executive officers etc.

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