Reference no: EM133555203

Question: What are internal controls? Which part of the fraud triangle can internal controls impact? How does an organization set a strong internal control system to block opportunities from the Fraud Triangle ? Who in the company are responsible for internal controls? What five items should the organization consider when designing an internal control structure? What does an organization's control environment consist of? What is tone at the top and how does it impact the culture of an organization? What are some elements in a strong control environment? What is separation of duties? What is a control activity and provide an example of a control activity? What are the five categories of control activities? What is the difference in preventative and detective controls? What is the role of an internal auditor within an organization? What is the role of an external auditor for an organization?