Match the items with the related statements that follow.
a. Control environment
b. Risk assessment
c. Control activities
d. Information and communication
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.