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research each of the following ins paragraphs 1. Internal control definition; objectives 2. Components of the internal control environment control environment; risk assessment; control activities;

research each of the following ins paragraphs
1. Internal control definition; objectives
2. Components of the internal control environment controlenvironment; risk assessment; control activities; information & communication; Monitoring
3. Inherent strengths and weaknesses in internal control systems
4. Techniques for recording internal controls by the auditor Definitions; Advantages and disadvantages: (flow-chart, narrative notes, IC questionnaires, checklist, ICEQ)
5. Principles of internal controls: (SPAMSOAP) Segregation of duties, Physical and electronic access; Authorization;Management; Supervision; Organization; Arithmetic and accounting; Personnel.
6. Impact of ICT on internal controls practices and procedures:CAAT- test data and audit software (1) expert systems; (2) generalized software; (Definition, types and impact)
7. Audit Committee: nature, roles, benefits and limitations
8. Format and content of internal audit review report;

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