Question
Internal control is made up of five different components that are interrelated. Select from the option list provided which of the five components is being
Internal control is made up of five different components that are interrelated. Select from the option list provided which of the five components is being described for each of the following.
Each choice may be used once, more than once, or not at all.
a. Control Activities
b. Risk Assessment
c. Information and Communication
d. Monitoring
e. Control Environment
1. High demand for new products encourages management to move into a new factory. ___________
2. The software system used to record purchases made by the company. _____________
3. A zero-tolerance policy that calls for the termination of anyone acting unethically. ________________
4. An entity uses daily and weekly sales revenues as performance indicators. ________________
5. Routine operations are reviewed on a weekly basis by supervisors __________________
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