Question: For questions #10 15, indicate which internal control component is related to the following principles Components Control Activities Monitoring Activities Information & Communication Control Environment
For questions #10 15, indicate which internal control component is related to the following principles
Components
- Control Activities
- Monitoring Activities
- Information & Communication
- Control Environment
- Risk Assessment
Principles
- The organization obtains or generates and uses relevant, quality information to support the functioning of internal control.
- The organization holds individuals accountable for their internal control responsibilities in the pursuit of objectives.
- The organization selects, develops, and performs ongoing and/or separate evaluations to ascertain whether the components of internal control are present and functioning.
- The organization identifies and assesses changes that could significantly impact the system of internal control.
- The organization demonstrates a commitment to integrity and ethical values.
- Management establishes, with board oversight, structures, reporting lines, and appropriate authorities and responsibilities in the pursuit of objectives.
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