ANSWER EACH QUESTION IN 200 OR MORE WORDS:
1. What is the Personal Identifying Information or PII?
2. What are Control Activities?
3. Discuss Assertions and How they relate to long-term assets and liabilities.
4. What are Revenue and Cash Collections Procedures?
5. Discuss two of the biggest risks to companies who use e-commerce face.
6. What are some of the controls companies can implement to prevent these risks?
7. Debate the logic used in the following statement:
The person responsible for handling cash receipts should also prepare the bank reconciliation because he is most familiar with the deposits that have been made to the bank account.
USE CITATIONS AND REFERENCES.
USE APA GUIDELINES PLEASE.