text: A company’s internal control over financial reporting is a process designed by, or under the supervision of, the company’s principal executive 
  and principal financial officers, or persons performing similar functions, and effected by the company’s board of directors, management, and 
  other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for 
  external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes 
  those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the 
  transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to 
  permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of 
  the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide 
  reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that 
  could have a material effect on the financial statements. 
  
  Because of the inherent limitations of internal control over financial reporting, including the possibility of collusion or improper management 
  override of controls, material misstatements due to error or fraud may not be prevented or detected on a timely basis. Also, projections of any 
  evaluation of the effectiveness of the internal control over financial reporting to future periods are subject to the risk that the controls may 
  become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. 