answer 1 until 9 plis thankyouu

1. A local bank reported that it lost $150,000 as the result & What principles of internal control apply to most otgani of an employee fraud. Randal Smith is not clear on what zation? is meant by an employee fraud." Explain the meaning of 6 At the comer grocery store all sales clerks make change fraud to Randal and give an example of frauds that might out of one cash register drawer. Is this a violation of inter- curatahank tal control? Why? 2. Fraud experts often say that there are three primary fac 7. Meg Lacas is reviewing the principle of segregation of tors that contribute to employee fraud. Identify the three duties What are the two common applications of this factors and explain what is meant by cach. principle? 3. Identity and describe the five components of a good inter How do documentation procedures contribute to pood sal control system internal control? 4. "Internal control is concerned only with enhancing the se. What internal control objectives are met by physical curacy of the accounting records. Do you agree? Explain. controls