Write a six to eight (6-8) page business plan in which you:

Describe the type of business you have created including:

The product or service, and general staffing plan. Provide a rationale for your plan. The form of your business and the benefits it offers your particular business, A chart of accounts specific to your business, including a rationale as to the selection of each account.

Based on the form of your business, analyze whether or not you will be required to use Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) accounting methods and how the IFRS / GAAP convergence will impact your business. Suggest how you will incorporate any changes into your books and records. Prepare a pro forma balance sheet and income statement providing the assumptions made and support the valuations assigned.

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.

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.

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.

Use at least four (4) quality academic resources in this assignment.