Question: Need Help 1. What is an example of rationalization as one of the three elements causing a person to commit fraud? 2. Why is it

Need Help 1. What is an example of rationalization as one of the three elements causing a person to commit fraud? 2. Why is it important to have a very sound and well-developed internal control structure? 3. What are the functions of the internal control? 4. What

Need Help

is the role of the Sarbanes-Oxley Act and the Public Company Accounting

Oversight Board? 5. Is it required to have only one petty cashier

or should the company appoint more than one person to administer the

fund? Why? 6. What is the purpose of the bank reconciliation? 7.

1. What is an example of rationalization as one of the three elements causing a person to commit fraud? 2. Why is it important to have a very sound and well-developed internal control structure? 3. What are the functions of the internal control? 4. What is the role of the Sarbanes-Oxley Act and the Public Company Accounting Oversight Board? 5. Is it required to have only one petty cashier or should the company appoint more than one person to administer the fund? Why? 6. What is the purpose of the bank reconciliation? 7. Prepare the journal entry to reconcile the bank statement below: 8. Prepare a trial balance using the journal entries below: 8. Prepare a trial balance using the joumal entries below

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