Acc 290 Week 5

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Week 5 DQ1

What is the control environment? How does the control environment affect a company’s internal controls? What are the negative and positive elements of a control environment? What are two examples of strong and weak internal controls in organizations where you have worked or have first-hand knowledge?

Week 5 DQ2

How would you describe the key internal controls that should be in place to protect cash in a cash rich environment such as a merchandiser?

Week 5 DQ3

What is the Sarbanes-Oxley Act of 2002? Why did it come about? How have the new rules in the Sarbanes-Oxley Act of 2002 affected the way accounting departments and companies operate? What are some positive outcomes from these changes?

ACC 290 Week 5 Individual Assignment Week Five Exercises

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