Internal Controls Against Mistakes and Theft

Internal Controls Against Mistakes and Theft

1. Fraud

   • Definition: The crime of getting money by tricking or deceiving people, or a crime of this type.

2. Forgery

   • Definition: An illegal copy of a document, painting, etc. or the crime of making such illegal copies.

3. Embezzlement

   • Definition: The crime of secretly taking money that is in your care or that belongs to an organization or business you work for.

4. Accounting controls

   • Definition: The accounting internal control system seeks to establish the process of collecting, classifying and recording the organization's operations to issue information to evaluate the results, plan and make decisions that contribute to the achievement of the organization's objectives.

5. Deceit

   • Definition: (An act of) keeping the truth hidden, especially to get an advantage.

6. Held accountable

   • Definition: Accountability means being answerable for your actions and decisions. If you were made responsible for something or you yourself promised to achieve certain outcomes, you can be held accountable for them.

7. Shoplift

   • Definition: To take goods illegally from a shop without paying for them.

8. Kick-backs

   • Definition: To pay someone an amount of money illegally in exchange for help or work.

9. Misappropriation

   • Definition: The act of stealing something that you have been trusted to take care of and using it for yourself.

10. Pilfering

    • Definition: To steal things of small value.

11. Falsification

    • The action of changing something, such as a document, in order to deceive people.

12. Biblical Integration

    • Fear not, for I am with you; do not dismay, because I am your God who strives for you; I will always help you, I will always support you with the right hand of my justice. Isaiah 41:10