Accounting Discussion
The link to the article below, "The Spectacular Decline of Checks" from The Atlantic states that checks have fallen out of favor. Why is that and what is replacing them?
https://www.theatlantic.com/business/archive/2014/06/the-rise-and-fall-of-checks/372217/
What level of internal controls is consider to be adequate in a company?
What are effective controls for cash and why are these controls considered to be effective?
Define Fraud and Internal Control Principles.
Summarize the Benefits and Challenges of Sarbanes-Oxley Act (SOX).
Recommend Internal Controls for cash.
Explain the Bank Reconciliation Procedures.