1. Define each of these terms: skimming; kiting; lapping; kickbacks. For each condition, describein an appropriate level of detaila preventative internal control (used by a comp[any to prevent the condition) and a detective internal control (used to detect the condition if it is occurring).

2. What four discrepancies are outlined in SAS No. 99 (PCAOB AS 2401) that indicate the presence of fraud? For each discrepancy, describein an appropriate level of detaila preventative internal control (used by a company to prevent the condition) and a detective internal control (used to detect the condition if it is occurring). Be specific.