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For each of the following controls, identify the internal control component to which it relates. ( 1 point each ) a . Control environment b
For each of the following controls, identify the internal control component to which it relates. point each
a Control environment
b Rick assessment
c Accounting information systern
d Control activities
e Monitoring
On a monthly basis, department heads review a budget to actual performance report and investigate unusual differences.
The company must receive university transcripts documenting all college degrees earned before an individual is hired as an employee. The compensation committee reviews compensation plans for senior executives to determine if those plans create unintended pressures that might lead to distorted financial statements.
The internal audit department reviews travel expense reports periodically to determine if the policies regarding reimbursable travel expenses are being followed.
The detailed accounts receivable subsidiary ledger is automatically reconciled with the accounts receivable general ledger balance on a daily basis.
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