answer 1-9 thankyouu

1. A local bank reported that it lost S150.000 as the result 5. What principles of internal control apply to most organi- of an employee fraud. Randal Smith is not clear on what zations is meant by an employee fraud. Explain the meaning of 6 At the corner rocery 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 occur at a bank nal control? Why? 2. Fraud experts often say that there are three primary fac 7. Meg Lucas 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 each. principle 3. Identify and describe the five components of a good inter * How do documentation procedures contribute to good nal control system internal control 4. "Internal control is concerned only with enhancing the ac What internal control objectives are met by physical curacy of the accounting records Do you agree? Explain controls