2. Internal controls a. Describe each of the components of the internal controls "Pyramid" b. Provide examples for the following two components of the pyramid: i. Risk assessment ii. Control activities (Preventative + Detective); c. Describe how effective internal controls can reduce the "opportunity" element of the fraud triangle, 3. Performance measurement systems (information is in Webcourses Chapter 4/5 ) a. Explain what areas, accounts, or calculations in the financial statements might be used in a performance measurement systems. b. Describe how performance measures may introduce negative unintended consequences c. Describe which element of the fraud triangle is increased when performance measurement systems are used