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Select the appropriate components of internal control for each of the following descriptions. Components of Internal Control Descriptions a. Procedures for maintaining separation of duties

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Select the appropriate components of internal control for each of the following descriptions. Components of Internal Control Descriptions a. Procedures for maintaining separation of duties b. Routine activities that are meant to continually observe internal control activities. c. Transfer of data from lower managers to top executives for accurate financial reporting. d. Formal policies to evaluate Internal and external threats to achieving company objectives e. Overall attitude of the company with respect to internal controls. Book Select the appropriate control activities for each of the following definitions. Definitions Control Activities points eBook Print a. The company should maintain security over assets and accounting records. Management should periodically determine whether the amounts of physical assets of the company match the accounting records. The company should provide employees with appropriate guidance to ensure they have the knowledge necessary to carry out their job duties The actual performance of individuals or processes should be checked against their expected performance. Authorizing transactions, recording transactions, and maintaining control of the related assets should be separated among employees. To prevent improper use of the company's resources, only certain employees are allowed to carry out certain business activities References

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