Homework: Chapter 7 part 2 Score: 0 of 2 pts E7-16 (book/static) 1 of 3 (0 complete) HW Score: 0%, 0 of 6 pts More Infto Match the following terms with thair dafinitions (Use each definsion (Consider the following definitiens) a. Two or more people working together to overcome internal controls b. Part of internal control that ensures resources are not wasted e. Requires companies to review internal contrel and take responsibility for the accuracy and completeness of their Snancial reports d. Should be prenumbered to prevent theft and inefficlency. e. Limits access to a local network Example: The person who opens the bank statement should not also be the person who is reconiling cash g Identification of uncertainties that may arise du to a company's products, services or operations h. Examination of a company's financial statements and accounting System by a trained accouniting professional Internal control 2. Control procedures Firewalls . Encryption Environment 6 Information systenm 7. Separation of dutles 8. Collusion ithout a suficient one of these information cannot properly be gathered and summarized The organizational plan and all related measures that safeguard assets encourage employees to follow company policies Documents 10. Audits 11 Operational efficiency 12. Risk assessment 13, Sarbanes Oxley Ac promote operational eficiency, and ensure accurate and reliable accounting data k. Component of intemal control that helps ensure business goals are achieved L Rearranges data by a mathematical process m. To establish an effective one, a company's CEO and top managers must behave honarably to set a good example for employees Print Done Choose trom any drop-down list and then click Check