Components of Internal Control. Internal control consists of five interrelated components. These are derived from the way

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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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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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