Each term may be used once or not at all/

Term Category 1. Control environment 2. Less severe than a material weakness 3. Monitoring 4. Performance review 5. Walk-through a. Ongoing and separate evaluations b. Documentation c. Relationship of costs and benefits d. Significant deficiency e. Risk responses f. Policies and procedures to mitigate risk g. Test of controls h. Comparison of actual performance to expectations i. Determine implementation 6. Reasonable assurance 7. Flowchart 8. Risk assessment 9. Operating effectiveness j. Tone at the top