Match each of the following items with the related statement below: a. Control environment b. Risk assessment
Question:
Match each of the following items with the related statement below:
a. Control environment
b. Risk assessment
c. Information and communication
d. Control activities
e. Monitoring
________1. Policies and procedures management puts in place to see that its directives are carried out
________2. Identifying areas where losses may occur
________3. Regular assessment of the quality of internal controls.
________4. Management’s overall attitude, awareness, and actions
________5. Pertains to the accounting system.
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