List the components of internal control. Briefly describe each component.

Component

Description

$\backslash$table$[[$Control procedures,Top managers control the workload of employees.$],[$Risk assessment,Each company must evaluate its own risks, based upon its particular line of business.$],[$Information system,Top managers distribute information to customers and employees.$],[$Monitoring of controls,Specific procedures are needed for a good system of internal control.$],[$Control environment,Top managers must set the "tone at the top" to establish a control environment.$]]$