Select the necessary words from the list of possibilities to complete the following statements Show A Answer Statements Under Coso, the control environment, risk assessment, the accounting information and communication system control activities and monitoring are referred to as the The Foreign Corrupt Practices Act of 1977 prohibits to foreign companies to maintain an effective system of internal control No single employee in a company should have of internal control officials to obtain business and requires allowing the employee to both perpetrate and conceal bribes errors or fraud in the normal course of performing his or her job 4. The two broad categories of information processing controls are 51 Controls that rely on segregation of duties may be circumvented by 3. and application controls collusion among employees. client's include such things as management phitosophy and operating style, and oralcomponents control environment structure A form of Insurance n which an insurance company agrees to reimburse an employer for losses attibutable to employee theft is referred to The auditors of a service organization, known as service auditors, may review the controls at the organization and 8. 9. 10. One or more I issue a report that may be relied upon by Auditors are required by professional standards to communicate ,and material weaknesses to the audit committee in intenal control result in an adverse opinion on internal control Answer fidelity bonds general controls incompatible duties material weaknesses significant deficiencies user auditors Answer bribes collusion components control environment al