1. Identify and describe financial probity requirements for businesses.

2. Identify four examples of what would be consider fraudulent behaviour in regard to company finances.

3. Identify the requirements for audited accounts and the purpose of an audit report.

4. Describe the principle of cash accounting as well as one advantage and one disadvantage of cash accounting.

5. Describe the principle of accrual accounting and one advantage and one disadvantage of accrual accounting.