1. Identify the five components of a good internal control system. 2. "Internal control is concerned only with enhancing the accuracy of the accounting records." Do you agree? Explain. 3. Discuss how the Sarbanes-Oxley Act has increased the importance of internal control to top managers of a company. 4. What principles of internal control apply to most organizations? 5. How do documentation procedures contribute to good internal control? 6. What internal control objectives are met by physical controls? in internal control. 7. What principle(s) of internal control is (are) involved in making daily cash counts of over-the- counter receipts? 8. Assume that Kohl's installed new electronic cash registers in its department stores. How do cash registers improve internal control over cash receipts? 9. "To have maximum effective internal control over cash disbursements, all payments should be made by check." Is this true? Explain. 10. Explain how these principles apply to cash disbursements: (a) physical controls and (b) human resource controls. Weygandt, J. J., Kimmel, P. D., Kieso, D. E. (2017). Accounting Principles, 13th Edition. [[VitalSource Bookshelf version]]. Retrieved from vbk://9781119411017