For each scenario, identify the Component of Internal Control involved:

1. Management places a poster that reads “Do not transact business with a FIXER”.
2. Creation of Sub-Audit Committee mostly consisting of external executives.
3. Requiring every office to submit a comparative report between actual and budgeted expenses.    
4. Creation of Grievance Committee or Selection and Promotion Board.
5. Requiring all government employees to submit a statement of assets, liabilities and net worth every April of the current year.
6. Review of impact of the computerized collections system to operation.
7. Limit access to data center to only authorized individuals only.
8. Review of three (3) failed attempts made by system’s users.
9. Requiring authorization for the use of the system after office hour or during weekends.
10. System developers are not permitted as users of the system.
11. Dissemination of newly approved policies related to management of new computer viruses.
12. Assigning of limit of authority in signing of checks
13. Reporting of unsuccessful attempts to steal company’s information to external authorities.
14. Requiring cashier to take forced vacation.
15. Review whether audit recommendations to noted audit observations were implemented and functioning.
16. Communicate office undesirable practices to concerned management committee.   
17. Providing on the spot promotion. (or monthly recognition for Meritorious Achievement)
18. Conduct of threats and vulnerabilities assessment.
19. Distribution of audit report to concerned company’s official
20. Providing orientation seminar to new recruits.
21. Business Continuity and backup.
22. Reporting Deficiencies