My Crossword Maker Logo
Powered by BrightSprout
Save Status:
or to save your progress. The page will not refresh.
Controls:
SPACEBAR SWITCHES TYPING DIRECTION
Answer Key:
Edit a Copy:
Make Your Own:
Crossword Word Search Worksheet
Rate This Puzzle:
Log in or sign up to rate this puzzle.

Fraud, Internal Control, and Cash

Professor Leticia Togba, CPA
Central Texas College
ACCT 2301 - Principles of Accounting, Ch. 6
Across
When two or more employees work together to commit fraud or act dishonestly.
The third element of fraud. This is the mentality or perspective an employee takes on to justify dishonest actions or unethical behavior.
The human ________ is the most important part of an internal control system. Businesses are made up of people, not just principles and policies.
_________ of duties is when different employees are responsible for different parts of a related activity.
The Sarbanes-Oxley is a body of regulations passed by Congress to reduce unethical corporate behavior and hold Corporate Officers accountable for unethical/fraudulent behavior.
The first element of the Fraud Triangle. An ________ occurs when there is a lack of controls in place to deter or detect fraud.
________ controls are tangible obstacles put in place as a safeguard to enhance the accuracy and reliability of the accounting records.
The process of comparing the bank's balance to the company's general ledger balance and researching the differences between the two.
A cash fund kept on hand at a business to pay for small, incidental purchases.
Internal ________ are company employees who continuously evaluate the effectiveness of the company's internal control system.
__________ procedures provides a paper trail of evidence for each transaction and event that has occurred.
_________ cash is money that is set aside for a specific/special purpose.
A Voucher _________ is a network of approvals by authorized individuals acting independently to ensure that all check disbursements are proper.
Internal _______ is a process designed to provide reasonable assurance that the company's objectives of operations, reporting, and compliance are being met.
Down
Deposits that are recorded on the company's books, but have not been recorded/received at the bank yet.
____________ of internal control include the human element, collusion, and size of the business.
Obtaining insurance protection against employee theft.
_____________ checks are checks that have been issued by the company, but haven't been paid out by the bank.
_________ internal verification is a principle where an employee that is not related to a task, is assigned to verify the records or activities of another employee.
A written order signed by a bank depositor, directing the bank to pay a specified sum of money to a designated recipient.
The establishment of _____________ is a principle where one person is given responsibility for a given task.
_________ Funds Transfer is a money disbursement system that uses a wire, telephone, or computer to transfer funds from one location to another.
The Fraud _________ is a representation of three factors that contribute to fraudulent activity by employees: opportunity, pressure, and rationalization.
________ __________ controls include: bonding employees who handle cash, rotating employees' duties, mandatory vacations, and conducting background checks.
Cash ___________ are short-term, highly liquid investments that can be converted to a specific amount of cash.
A Bank _________ is a monthly ________ from the bank that shows all of the deposit and withdrawal transactions for the month.
A dishonest act by an employee that results in a personal benefit to the employee at a cost to the employer.
The size of a ____________ can limit an internal control system simply because there are not enough hired employees to segregate related duties.
An authorization form prepared for each payment in a voucher system.
The second element of the fraud triangle. Pressure (from various sources) is caused by a type of environment, culture, or circumstance that leads to fraudulent behavior.
Resources that consist of coins, currency, checks, money orders, money on hand, or money in a bank account.
An ____ check is a check that is not paid by the bank because of insufficient funds.