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Fill in the blank 1. The foundation of the internal control system is the control _____________ - the collection of environmental factors that influence the

Fill in the blank

1. The foundation of the internal control system is the control _____________ - the collection of environmental factors that influence the effectiveness of control procedures.

2. Strategic risk assessment is designed to identify, analyze, and manage possible threats to the organization's success concerning ____________________ forces such as competitors, customers, suppliers, and PEST factors.

3. Business process risk assessment is designed to identify, analyze, and manage possible threats to the organization's success concerning ____________________ forces such as resource allocations.

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