For the items listed in Column 1, identify each as a control objective or as one of the interrelated components of the internal control framework. Then, for the interrelated components, list them in the correct sequential order.

perations 1. The executive team meets quarterly to review all business risks finchuding the potential for fraud), implements risk responses, and manages risk including making changes to the system of inkernal control. 2. The executive team meets each month to review the monthly financial statements and accounting ratios provided by the controller and approved by the CFO. The main objective of this review is to see whether the firm has met operational and financial performance goak. Monitoring 3. The employee who performs bank reconciliations is someone other than the employees who handle cash and generate payments from the firm. Information and 4. Management implemented a code of ethics, which includes policies an conflicts of interest. All communication employees. including executives, electronically sign an acknowledgment that they have read, understand, and agree to abide by the code. Complanke 5. Management implemented continuous monitoring over the call center to confirm that the call center answers the calls in a timely manner. F. Control activities: 6. Strong controls are in place to ensure proper accounting for and timely payment of statutory payroll deductionis, like (1) federal, state, and focal incorne taxes and (2) social security and Medicare deductions and firm contributions, to the respective governmental agencies: 6. Control environment 7. The human resources departerent has processcs in place to ensure that employees at all levels have the qualifications, experience, and training to efficienthy and effectively perform their work. H. Heporting 8. Then ate contrals in place to ensure that the aodit corrmittee receives reports in a timely. manner on intemal control deficiencies identified by the internal askir department For the items listed in Column 1, identify each as a control objective or as one of the interrelated components of the internal control framework. Then, for the interrelated components, list them in the correct sequential order