ACC 556 WEEK 4 HOMEWORK

ACC 556 WEEK 4 HOMEWORK To view more, click on following link: http://unquite.com/question-details/ACC-556-WEEK-4-HOMEWORK/384 or email us at: [email protected] ACC 556 WEEK 4 HOMEWORK 1. The most important element of the fraud triangle is rationalization. 2. Requiring employees to take vacations is a weakness in the system of internal controls because it does not promote operational efficiency. 3. Under an effective system of internal control, errors occur only as a result of fraud or dishonesty. 4. Control over cash disbursements is improved if major expenditures are paid by check. 5. Cash equivalents are highly liquid investments that can be converted into a specific amount of cash. 6. Which of the following is not one of the main factors that contribute to fraudulent activity? 7. Under the concept of establishment of responsibility, how many people should have the ultimate