Question
Question Raintree, CPA, is conducting a training session for you, a staff auditor, regarding the control environment. For each of the factors in the list
Question Raintree, CPA, is conducting a training session for you, a staff auditor, regarding the control environment. For each of the factors in the list below, identify the appropriate internal control component from the list provided: Control enviornment, risk assessment, information and communication systems, monitoring, or exisiting control activities
1. Authorization of transactions
2. Participation of those charged with governance
3. Internal audit function
4. Assignment of authority, responsibility, and accountability
5. Adoption of new accouting principles
6. Proper presentation of transactions and related disclosures
7. New Personnel
8. Segregation of duties
9. Human resource policies and practices
10. Incorporation of new technology
11. Pre numbering of documents
12. Measurement and recording of proper monetary values
13. The way in which significant events are captured by the accouting system
14. Performance review
15. Corporate restructuring
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