The Fraud Triangle
1) In 150 words; What is the fraud triangle? Identify the factors and explain what each means. Provide an example of the fraud triangle in employee fraud involving cash.
2) What are some ways employees commit fraud with expense reimbursement?
Internal Control
3) In at least 150 words: Who is responsible for establishing internal controls in the organization? What are some examples of effective internal controls? How might a company determine if the internal controls are effective?
4) Explain the applications of internal control principles to cash receipts.
5) Give some examples of controls over cash?
6) What are some examples of controls over inventory?
7) Identify the primary elements of a cash budget.
8) Discuss the basic principles of cash management.