21. Which component of the COSO Enterprise Risk Management Integrated Framework is concerned with understanding how transactions are initiated, data are captured and processed, and information is reported?

Group of answer choices

Information and communication

Internal environment

Event identification

Objective setting

23. Which of the following are not types of management report?

Group of answer choices

Planning and Decision Making Reports

Financial Statements

Control and Performance Reports

Operational reports and listings

24. Which of the following is an applicable control procedure to reduce the threat that a company will have an uncollectible account?

Group of answer choices

Specific authorization to approve sales to new customers or sales that exceed a customer's credit limit

Separation of shipping and billing function

Periodic reconciliation of invoice with sales orders, picking tickets, and shipping documents

Sending monthly statements to the customer