Question: Answer 1 . Under COSO, the control environment, risk assessment, the accounting information and communication system, control activities and monitoring are referred to as the

Answer1. Under COSO, the control environment, risk assessment, the accounting information and communication system, control activities and monitoring are referred to as the ____________ of internal control.2. The two broad categories of information processing controls are _____________ and application controls.3. A form of insurance in which an insurance company agrees to reimburse an employer for losses attributable to employee theft is referred to as ____________.4. No single employee in a company should have incompatible__________ allowing the employee to both perpetrate and conceal errors or fraud in the normal course of performing his or her job.5. Controls that rely on segregation of duties may be circumvented by __________ among employees.

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