CHAPTER 1: INTERNAL CONTROLS
CHAPTER 1 INTERNAL CONTROLS
1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8
Introduction.................................................................................... 12 What Are Internal Controls?............................................................13 Control Environment.......................................................................15 Risk Assessment............................................................................15 Control Activities............................................................................16 AR Internal Controls ......................................................................20 Policies and Procedures (P&P)........................................................20 Audit and Key Terms......................................................................21
1.9 Fraud............................................................................................. 22 1.10 Consequences of Inadequate Internal Controls................................27
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THE ACCOUNTS RECEIVABLE SPECIALIST CERTIFICATION PROGRAM E-TEXTBOOK
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