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Ch. 6 - Internal Controls and Reporting CashWorksheetSee all chapters
All Chapters
Ch. 1 - Introduction to Accounting
Ch. 2 - Transaction Analysis
Ch. 3 - Accrual Accounting Concepts
Ch. 4 - Merchandising Operations
Ch. 5 - Inventory
Ch. 6 - Internal Controls and Reporting Cash
Ch. 7 - Receivables and Investments
Ch. 8 - Long Lived Assets
Ch. 9 - Current Liabilities
Ch. 10 - Time Value of Money
Ch. 11 - Long Term Liabilities
Ch. 12 - Stockholders' Equity
Ch. 13 - Statement of Cash Flows
Ch. 14 - Financial Statement Analysis
Ch. 15 - GAAP vs IFRS
Fraud and the Fraud Triangle
Sarbanes-Oxley Act
Five Components of Internal Controls
Principles of Control Activities
Limitations of Internal Controls
Petty Cash
Bank Reconciliation
Journal Entries for Bank Reconciliation

The Sarbanes-Oxley (SOX) Act of 2002 was a response by the US Government to instances of large scale fraud in the early 2000s. Professors love to talk about SOX because it had major implications for accountants, especially auditors of public companies.

Concept #1: Sarbanes-Oxley Act of 2002