Chapter 8 — Fraud, Internal Controls, and Cash

Chapter Outline

• LO 8.1 Analyze Fraud in the Accounting Workplace
• LO 8.2 Define and Explain Internal Controls and Their Purpose within an Organization
• LO 8.3 Describe Internal Controls within an Organization
• LO 8.4 Define the Purpose and Use of a Petty Cash Fund, and Prepare Petty Cash Journal Entries
• LO 8.5 Discuss Management Responsibilities for Maintaining Internal Controls within an Organization
• LO 8.6 Define the Purpose of a Bank Reconciliation, and Prepare a Bank Reconciliation and Its Associated
  Journal Entries
• LO 8.7 Describe Fraud in Financial Statements and Sarbanes-Oxley Act Requirements