Instructions Submit an overview of Trinity Industries. Provide an overview of the company and its market industry. Include background, key market demographics, financial position, and governance polic

ACC675MilestoneOneGuidelinesandRubricCompaniestodaymustensurethatoperationalprocessesareperformingefficientlyandeffectivelyincompliancewithcurrentregulations.Accountantsmustadheretodomesticstandardssetbyorganizations—suchasthePublicCompanyAccountingOversightBoardandtheFinancialAccountingandStandardsBoard—aswellasglobalstandards,suchastheInternationalFinancialReportingStandards,requiringappropriateimplementationandassessmentofinternalcontrols.Whetherdevelopingappropriateprocessesinternallyorpreparingsubstantivetesting,externalauditorsmustbeabletoquicklyandcompletelyassessthefinancialprocesses,determineweaknesses,andproviderecommendationsforimprovement.Theabilitytotranscribeformalizedornarrativeprocessesintofunctionalworkflowsallowsanauditortoidentifypotentialgapsinaccountingsystems.Thesegapscanresultinmaterialauditfindingsnecessitatingchangesinthecompany’scontrolstructure.However,itisnotonlytheprocessandflowoftransactionsthatrequiresscrutiny.Companiesevolveintosophisticated,computerizedsystemsthatrequireanin-depthunderstandingofadministrativerights,electronicprocessflows,andenduserreporting.Inthiscasestudy,youwillapplyalloftheseskillsindevelopingrecommendationsforTrinityIndustries.ThoughtheSarbanes–OxleyActof2002(SOX)promulgatedmanyinternalcontrolstructurechanges,thecompanyisunsureastowhethertheyareapplyingtoofewortoomanyinternalcontrols.Unnecessarycontrolsplaceaddedburdenonstaffandcostthecompanythousandsofdollarsinmonitoringandmaintenance.ForMilestoneOne,prepareanoverviewofTrinityIndustries.Provideanoverviewofthecompanyanditsmarketindustry.Includebackground,keymarketdemographics,financialposition,andgovernancepoliciesinyourcompanyoverview.Byunderstandingtheindustry,youwillgainvaluableinsightintotheappropriatesoftwaresystemsthatwillprovideindustry-specificneedsandfinancialreporting.Youwillneedthisinformationtoconductyourcasestudy.Prompt:ProvideacompanyoverviewreportofTrinityIndustriesanditsmarketindustry,includingbackground,keymarketdemographics,financialposition,andgovernancepolicies.Specifically,thefollowingcriticalelementsmustbeaddressed:Addressthefollowingsevensubjects:a)Overviewoftheorganizationb)Sizeoftheorganizationc)Sector/industry(alongwiththreeothercompaniesthatwouldbecomparable)d)Structure/lineofbusinessese)Organizationalstructure(organizationchart)f)Yearlyperformanceintermsofrevenue(ascomparedwiththethreeothercompaniesidentified)g)Managementandculture(i.e.,howlongkeystaffhasbeenemployed,stabilityofthecompanyoverthehistory,growthinindustry) RubricGuidelinesforSubmission:Yourcompanyoverviewreportmustbesubmittedasa1–2-pageWorddocumentwithdoublespacing,12-pointTimesNewRomanfont,one-inchmargins,andatleastthreesourcescitedinAPAformat.CriticalElementsProficient(100%)NeedsImprovement(75%)NotEvident(0%)ValueOverview:OrganizationProvidesacomprehensiveoverviewoftheorganization,includingsize,sector,andindustryProvidesanoverviewoftheorganizationbutoverviewiscursoryorlacksdetailDoesnotprovideanoverviewoftheorganization24Overview:StructureDescribesstructureoforganization,includingorganizationalchartDescriptionoforganizationand/ororganizationalchartlacksdetailorcomponentsDoesnotprovideadescriptionoforganizationalstructure24Overview:YearlyPerformanceComparesyearlyrevenueperformanceoforganizationwiththreeothercompaniesinthesector/industryOverviewofyearlyrevenueperformanceisnotcomparedtoatleastthreeothersinthesector/industryDoesnotcompareyearlyperformanceoforganizationwiththreeothercompaniesinthesector/industry24Overview:ManagementandCultureDiscussesthemanagementstyleandcultureinorganizationDiscussionofmanagementstyleandcultureiscursoryorlacksdetailDoesnotincludeadiscussionofmanagementstyleandcultureinorganization24ArticulationofResponseSubmissionhasnomajorerrorsrelatedtocitations,grammar,spelling,syntax,ororganizationSubmissionhasmajorerrorsrelatedtocitations,grammar,spelling,syntax,ororganizationthatnegativelyimpactreadabilityandarticulationofmainideasSubmissionhascriticalerrorsrelatedtocitations,grammar,spelling,syntax,ororganizationthatpreventunderstandingofideas4EarnedTotal100%