Security and Loss Prevention, 5th Edition

11

Accounting, Accountability, and Auditing

KEY TERMS

• accounting

• accountability

• auditing

• purchase requisition

• purchase order

• invoice

• receiving report

• kickback

• inventory

• shrinkage

• periodic inventory system

• perpetual inventory system

• attest function

• American Institute of Certified Public Accountants

• National Association of State Boards of Accountancy

• Association of Certified Fraud Examiners

• forensic accounting

• internal control questionnaire

• fraud

• Enron Corporation

• Sarbanes-Oxley (SOX) Act of 2002

• Public Company Accounting Oversight Board

• governance

• risk management

• compliance

Objectives

After studying this chapter, the reader will be able to:

1. Define and explain accounting, accountability, and ...