Question: Match the definitions with their terms. ( Not all terms may be used. ) Definitios Amount of risk company is willing to accept to achieve
Match the definitions with their terms. Not all terms may be used.
Definitios
Amount of risk company is willing to accept to achieve its goals and objectives
Amount of work performed during a given time period
Controls that identify and correct problems and recover from resulting errors
ontrols that prevent, detect, and correct transaction errors and fraud in transaction processing programs
Cooperation between two or more people to thwart internal controls
Company culture that is the foundation for all other internal control components
Electronically signing a document with data that cannot be forged
Risk that remains after management implements internal controls or some other response to risk.
Terms
Application controls
Collusion
Control environment
Corrective controls
Data control
Digital signature
Likelihood
Residual risk
Risk appetite
Specific authorization
Strategic master plan
Throughput
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