Prior to beginning work on this discussion forum, visit the The Sarbanes-Oxley Act 2002 (Links to an external site.) 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 equivalent and how cash and cash equivalents are handled. In your initial post, you will discuss your findings. Find information about the internal control policy of the company and summarize this policy in your post.

Answer rating: 100% (QA)

The Company considers as cash and cash equivalents all cash on deposit highly liquid investments with a maturity of 3 months or less at the date of pu... View the full answer