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Corporate Governance, Business Ethics, Risk Management and InternalControl 2019-2020 Edition

Instruction: after reading the remaining chapters (chapter 15, 16 and 17) please w.rite your reflection with emphasis on the following points:

1. Do you think it would be easy for you, as future accountants and employees, who would be working on the accounting records of a company, to determine where these irregularities and errors would be coming from and who would have caused them?2.
2. How would having a background in the errors and irregularities in the transaction cycles of the business entity help you, as future accountants, to keep them at a minimum?
3. And how would you be of help to the company to keep the assets safe?
4. If you are a one-man accounting department, how would you conduct internal control over the major components of the assets of the company?
5. And how would you exercise internal control affecting liabilities and equity?