Hey, I need help with number 12, 13 and 14 please! Much appreciated.

MULTIPLE-CHOICE QUESTIONS 5 A well-designed system of internal controls will brevent or detect all errors and fraud Inherent limitations of internal control preclude a system of internal control from providing absolute assurance that objectives will be achieved. Management cannot override controls, and employees cannot circumvent controls through collusion. V. The organization selects, develops, and performs ongoing and/or separate evaluations to ascertain whether the components of internal control are present and functioning a. II only b. I and V only. c. II and IV only d. I, I1, I1,I1V, and V 10. Which of the following best exemplifies a control activity referred to as independent verification? 13. When assessing the risk associated with an activity an internal auditor should: a. Determine how the risk should best be managed. b. Provide assurance on the management of the risk. e. Update the risk management process based on Reconciliation of bank accounts by someone who does not handle cash or record cash transactions. Identification badges and security codes used to c. Accounting records and documents that provide a Separating the physical custody of inventory from restrict entry to the production facility risk exposures. d. Design controls to mitigate the identified risks il of sales and cash receipt transactions. 14. Determining that engagement objectives have been nventory accounting. met is ultimately the responsibility of the: a. Internal auditor. b. Audit committee. The risk assessment component of internal control involves the: Independent outside auditor's assessment of d. CAE b. Internal audit function's assessment of control deficiencies 15. An adequate system of internal controls is most likely to detect an irregularity perpetrated by a: a. Group of employees in collusion. Organization's identification and analysis of risks that threaten the achievement of its bjectives. Organization's monitoring of financial c. Group of managers in collusion. d. Single manager. information for potential material misstatements. internal control components and 17 principles for eving effective internal control. Which of the wing is/are (a) principle8)? The organization demonstrates a commitment to integrity and ethical values Monitoring activities. Il. A level of assurance that is supported by generally accepted auditing procedures and IV. A body of guiding principles that form a template against which organizations can evaluate a multitude of business practices. INTERNAL CONTROL 6-33