Describe the five interrelated components that comprise the term internal control.
Question:
Describe the five interrelated components that comprise the term internal control.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Internal control comprises five interrelated components These are 1 Control Environment This sets the tone of the organization and affects the control ...View the full answer
Answered By
Muhammad Ahtsham Shabbir
I am a professional freelance writer with more than 7 years’ experience in academic writing. I have a Bachelor`s Degree in Commerce and Master's Degree in Computer Science. I can provide my services in various subjects.
I have professional excellent skills in Microsoft ® Office packages such as Microsoft ® Word, Microsoft ® Excel, and Microsoft ® PowerPoint. Moreover, I have excellent research skills and outstanding analytical and critical thinking skills; a combination that I apply in every paper I handle.
I am conversant with the various citation styles, among them; APA, MLA, Chicago, Havard, and AMA. I also strive to deliver the best to my clients and in a timely manner.My work is always 100% original. I honestly understand the concern of plagiarism and its consequences. As such, I ensure that I check the assignment for any plagiarism before submission.
4.80+
392+ Reviews
587+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What are the five interrelated components of internal control? Briefly discuss them. The five interrelated components of internal control are: 1. Control environment, 2. Risk assessment, 3. Control...
-
Describe the five interrelated stages for crafting and executing a company's strategy. Describe how management communicates the Strategic Vision of a company. Describe the three best indicators of...
-
Q1. How worried are clients and stakeholders in day-to- day product improvement? 2. the industrial corporation Case for Agility "The struggle is not always to the most powerful, nor the race to the...
-
In Exercises determine which of the integrals can be found using the basic integration formulas you have studied so far in the text. (a) (b) (c) S x - 1 dx
-
The herbicide oxyfluorfen can be prepared by reaction between a phenol and an aryl fluoride. Propose amechanism. FC. F3C. "CH-CH NO2 "CH-CH NO2 yfluorfen
-
Consider again the rope and traveling wave of Exercise 15.24. Assume that the ends of the rope are held fixed and that this traveling wave and the reflected wave are traveling in the opposite...
-
Design teams are confronted with "multiobjective" decision making. Is it possible for objectives to lead to conflicting designs? Give an example(s).
-
You have just completed the first year of operation for your business and have the following information: sales, $200,000; cost of goods, $140,000; rent, $18,000; utilities, $8,400; insurance,...
-
A stick person applies a Fayp = 300N +35" to a large box with a mass of 70.0 kg (as shown below). The box does not move. Part A The normal force on the box will be: 440 N 386 N 858 N 514 N 686 N...
-
Distinguish between preventative controls and detective controls.
-
What are the main categories of computer crime?
-
Is it true that for a liability to be recognized the related obligation needs to be legally enforceable?
-
NLM uses a common process to manufacture three joint products: X, Y and Z. The costs of operating the common process total $75,400 each month. This includes $6,800 of apportioned head office costs....
-
Consider a project to start a business selling shoes from a chain of shops. Explain how the business would plan its working capital requirements.
-
A restaurant company is considering further investment in order to increase its seating capacity. The company prepares its accounts to 31 December each year and, if accepted, the proposed investment...
-
Write out five non-financial performance measures which could be reported by an organisation which delivers parcels to the general public and to businesses.
-
Explain to a production manager the joint cost problems raised by the following description of a process producing glass bottles. A typical mixture might be sand 60 per cent; limestone 8 per cent;...
-
How is cost estimation used in activity-based costing?
-
"Standard-cost procedures are particularly applicable to process-costing situations." Do you agree? Why?
-
Chang Corporation is part of a three-corporation unitary business. The group has a water's edge election in effect with respect to unitary State Q. State B does not apply the unitary concept with...
-
Using the following information from the books and records of Grande Corporation, determine Grandes total sales that are subject to State Cs sales tax. Grande operates a retail general store. Sales...
-
Indicate for each transaction whether a sales (S) or use (U) tax applies or whether the transaction is nontaxable (N). Where the laws vary among states, assume that the most common rules apply. All...
-
Bal., 1,600 units, 35% completed 17,440 To Finished Goods, 29,600 units ? Direct materials, 29,000 units @ 275,500 $9.50 Direct labor Factory overhead 84,600 39,258 Bal. ? units, 45% completed...
-
Walmart is the industry Perform a detailed five forces model analysis for the firm's industry that you have defined and predict how each of the five forces will change in the future. Make sure that...
-
I chose apple company for my assignment . Please write , Assemble the data that you found around the organization theory and design issues that you identified as important for your organization. My...
Study smarter with the SolutionInn App