16 May HOW DO DOCUMENTATION PROCEDURES CONTRIBUTE TO GOOD INTERNAL CONTROL?
- What is fraud and how does it occur? Within your discussion, incorporate the fraud triangle. There are three elements to the fraud triangle. Fraud will occur if at least two of those elements are present. Provide an example of fraud you have either witnessed from your work or heard about in the news and indicate which two elements of the fraud triangle were present in the situation.
- How have the new rules in the Sarbanes-Oxley Act of 2002 affected the way accounting departments and companies operate? What are some positive outcomes from these changes?
- The Six principles of control activities are: 1) Establishment of responsibility, 2) Segregation of duties, 3) Documentation procedures, 4) Physical controls, 5) Independent internal verification, 6) Human resource controls. Pick one of the control activities and describe why it is important. Provide an example of this in your workplace or where it should be implemented in your workplace.
- Now that we have looked at the six principles of control activities, let’s apply that to the internal controls surrounding cash receipts. Pick a control activity for cash receipts and describe in detail how it helps to prevent fraud.
- Discuss how the Sarbanes‐Oxley Act has increased the importance of internal control to top managers of a company.
- How do documentation procedures contribute to good internal control? What internal control objectives are met by physical controls?
- Explain the control principle of independent internal verification. What practices are important in applying this principle?
- How do these principles, (a) Physical controls and (b) Human resource controls. apply to cash disbursements?
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.