Question
Raintree, CPA, is conducting a training session for you, a staff auditor, regarding the control environment. For each of the factors in the table below,
Raintree, CPA, is conducting a training session for you, a staff auditor, regarding the control environment. For each of the factors in the table below, identify the appropriate internal control component by doubleclicking on the shaded cell and selecting the appropriate component from the list provided.
| Factor | Component |
| 1. Authorization of transacti |
|
| 2. Participation of those charged with governance |
|
| 3. Internal audit function | |
| 4. Assignment of authority, responsibility, and accountability | |
| 5. Adoption of new accounting 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. Prenumbering of documents | |
| 12. Measurement and recording of proper monetary values | |
| 13. The way in which significant events are captured by the accounting system | |
| 14. Operating performance reviews | |
| 15. Corporate restructuring Components( Control enviroment, Risk assesment, Information and communication systems, monitoring and existing control activities) |
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