Please give an original response to the following:

Internal control report This reports states managements responsibility and internal control to ensure accuracy in reporting and maintaining reports and transactions of company assets. Internal control is the measures companies take to ensure ethical and accurate practices in financial reporting. These procedures include things such as, firstly, safeguarding assets. Secondly, establish company policies that all employees must follow. Thirdly, minimize waste by increasing efficient operations. Fourthly, maintain accurate reliable accounting records and be compliant with established regulations of the Securities and Exchange Commission (SEC) and IRS.