Using the business where you work, by observing processes in a business, or by talking to someone who works, you should produce a 3-4 page paper. In the paper, you should identify the internal controls that were evident and what type of control activity that particular process represented. You should assess the effectiveness of the controls you observed and make cost effective suggestions on any controls that you think might improve internal controls. I would like to talk about Bank of America and their cost effectiveness & strategies of control in financing report for 2004 u can check at: http://www.bankofamerica.com/annualreport/2004/backmatter/cfsn/cfsn_reporting.cfm