Accounting Integrity Basics
What is the quality of being honest and having strong moral principles in accounting?
What is Integrity?
What type of fraud involves using company funds for personal use?
What is Embezzlement?
What is the term for measures taken to detect and prevent fraudulent activities in a company?
What are Internal Controls? (Checks and Balances)
What does the abbreviation CPA stand for?
What is Certified Public Accountant?
What is the act of deliberately falsifying financial statements called?
What is Fraud?
What is the practice of regularly reviewing and verifying financial records to catch fraud early?
What is Auditing?
What is the name of the official rules and guidelines for financial accounting in the United States?
What is GAAP?
What major legislation was enacted to improve financial disclosures from corporations and prevent accounting fraud?
What is the Sarbanes-Oxley Act? (SOX)
What practice involves checking the consistency and accuracy of financial statements and bank statements against internal records?
What is Reconciliation?