Question: Match each term associated with components of internal control with its definition 2 Information and communication Risk assessment Control activities 4 Monitoring 5 Control environment

Match each term associated with components of internal control with its definition 2 Information and communication Risk assessment Control activities 4 Monitoring 5 Control environment Match each of the options above to the items below. Transfer of data from lower managers to top executives for accurate financial reporting. Transfer of data from lower managers to top executives for accurate financial reporting. Routine activities that are meant to continually observe internal control activities. Overall attitude of the company with respect to internal controls. Procedures for maintaining separation of duties. Formal policies to evaluate internal and external threats to achieving company objectives.
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