Components of Internal Control. Internal control consists of five interrelated components. These are derived from the way
Question:
Components of Internal Control. Internal control consists of five interrelated components.
These are derived from the way management runs a business, and are integrated with the management process.
Required:
A. Name and define the components of internal control.
B. How do the components of internal control affect each other?
C. Discuss the interrelationship of components using as an example a retail clothing store.
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Related Book For
Principles Of Auditing An Introduction To International Standards On Auditing
ISBN: 9780273684107
2nd Edition
Authors: Rick Stephan Hayes, Roger Dassen, Arnold Schilder, Philip Wallage
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