Match the items with the related statements that follow.
a. Control environment
b. Risk assessment
c. Control activities
d. Information and communication
e. Monitoring
1. Management encourages employees to follow the rules.
2. The company has an internal audit department.
3. Management regularly considers what losses the company might face.
4. The company gathers appropriate information and communicates it to employees.
5. Management puts separation of duties in place.
6. Personnel are well trained and instructed in their duties.
7. The company employs good physical controls.
8. The company has a good accounting system.
9. Managers are observant and review how procedures by those who report to them are carried out.

  • CreatedMarch 26, 2014
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