Levi Strauss & Co Founded in 1853 by Bavarian immigrant Levi Strauss, Levi Strauss & Co. (LS&CO.) is one of the world's largest brand-name apparel marketers with sales in more than 110 countries. There is no other company with a comparable global presence in the jeans and casual pants markets. Our market-leading apparel products are sold under the Levi's®, Dockers® and Levi Strauss Signature™ brands. The company is privately held by descendants of the family of Levi Strauss. Shares of company stock are not publicly traded. The company employs a staff of approximately 8,850 people worldwide, including approximately 1,000 people at its San Francisco, California headquarters.
Levi Strauss Europe Levi Strauss Europe is responsible for designing, manufacturing and marketing jeans and casual wear under the Levi's®, Dockers® and Levi Strauss Signature™ brands in the region. We have a network of 9 sales offices, 10 distribution centers and 3 production facilities, employing a total of approximately 3,000 people. Our headquarters are located in Brussels, Belgium. Levi Strauss Europe, Middle East and Africa posted revenues of $1 billion in 2004.
Levi’s Brand Invented in 1873, Levi's® jeans are the original, authentic jeans. They are the most successful, widely recognized and often imitated clothing products in the history of apparel. Levi's® jeans have captured the attention, imagination and loyalty of generations of diverse individuals. As the inventor of the category, the Levi's® brand continues to define jeans wear with widest range of products available from quintessential classics, such as the famous Levi's® 501® Original jean to favorite fits and styles in our Red Tab™ and Levi's® Premium collections.
Dockers Brand Launched in 1986 in the United States, Dockers® brand products and marketing played a major role in the creation of a new apparel category for men's khaki pants and the shift to casual clothing in the workplace. In 1988, the brand launched Dockers® for Women, a feminine interpretation of Dockers® brand apparel. Today, the Dockers® brand has expanded to more than 50 countries in every region of the world with a complete assortment of stylish and innovative products — including a full line of tops, footwear, outerwear and accessories — for a broad range of consumers.
Levi Strauss Signature Brand The Levi Strauss Signature™ brand was launched in 2003 exclusively for consumers who shop in the mass channel. The brand gives value-conscious consumers access to high-quality, affordable and fashionable jeans wear from a company and name they trust. The Levi Strauss Signature™ brand includes a collection of denim and non-denim pants, shirts, skirts and jackets for men, women and children all designed with the high quality construction and craftsmanship that makes Levi Strauss & Co. famous.
Process Owner to Support Process Flowchart Risk and Controls Matrix Segregation of Duties Table Complete Walkthrough, Test Plans, and Doc. Updates Review Process Documentation Final Review and Sign Off Update Process Documentation Process Owner Walkthrough Performer Process Narrative Review Walkthrough Package Completed Walkthrough Package Completed Test Plans Updated Process Documents Management Reviewer High-Level Flowchart SOX Team Reviewer QA Review Post Final Doc. to Handysoft
Documenting Controls at the Process, Transaction, and Application Level SOX 404 - LSE
Authorization (P) – Control ensures activities are completed by individuals with proper authority
Segregation of Duties (P) – Control ensures proper separation between responsibilities for authorization, custody of assets, recordkeeping, and reconciliation activities
Reconciliation (D) – Control provides for comparison and validation of records and related balances to an independent source, with follow-up and resolution of differences
Management Review (P/D) – Control provides for management’s analytical review of specific activities and their outcomes for appropriateness, with necessary action taken to follow-up on unusual or exception items
Non -management review (P/D) -Control provides for an analytical review by non-management - peer review, supervisory review of specific activities and their outcome for appropriateness, with necessary action taken to follow up on unusual or exception items.
Exception/Edit/Control Reports (D) – Reports are generated (may or may not be system-generated) and reviewed to support key control activities, with responsibility assigned for review and follow-up
Access (P) - Controls to ensure the ability to complete certain activities (input, authorization, review, etc.) are restricted to individuals on a need-to-know basis
Interface/Conversion controls (P) - Controls to ensure data is accurately and completely input, processed, or output within a system or with interfaces with other systems
Configuration Parameters (P) - "Switches" and/or mapping set in the system that can be turned on/off to sure data against inappropriate processing. Also, can be account mapping related to how a transaction is mapped to the G/L and then to the Financial Statements.
Policies/Procedures - Documented policies which describe company guidelines meant to generate compliance with external rules and regulations as well as provide internal consistency. Procedures are a control used to provide guidance and educate performers and reviewers of activities.