STUDY OBJECTIVES
This chapter will help you gain an understanding of the following concepts:
An introduction to the need for a code of ethics and internal controls
The accounting-related fraud that can occur when ethics codes and internal controls are weak or not correctly applied
The nature of management fraud
The nature of employee fraud
The nature of customer fraud
The nature of vendor fraud
The nature of computer fraud
The policies that assist in the avoidance of fraud and errors
The maintenance of a code of ethics
The maintenance of accounting internal controls
The maintenance of information technology controls
Appendix A: The recent history of internal control standards
Appendix B: Control objectives for information technology (CobIT)