Q No.9: Auditors must have an understanding of the various terms that relate to their consideration of the internal control structure of an organization.

Required: For each term presented below, select the category that most clearly defines or includes the term. The categories may be selected once, more than once, or not at all.

Term Category

1. Accounting information and communication system a. Administrative control

2. Control environment b. Control condition

3. Flow chart c. Component of internal control

4. Operating effectiveness d. Documentation

5. Significant deficiency in internal control design e. Placed in operation

6. Monitoring f. Material weakness

7. Questionnaire g. Test of Control

8. Walk-through h. Reportable Condition

9. Very significant deficiency in internal control design i. Relationship of costs and benefits

10. Reasonable assurance