Question: Match the Internal Control term to its definition/purpose. + Answer Term Monitoring controls Assignment of responsibilities Control procedures E-commerce Audits Definition/Purpose A. are designed to

 Match the Internal Control term to its definition/purpose. + Answer Term

Match the Internal Control term to its definition/purpose. + Answer Term Monitoring controls Assignment of responsibilities Control procedures E-commerce Audits Definition/Purpose A. are designed to ensure that the business's goals are achieved. B. The company's business risk, as well as the risk Oyar individual accounts, must be assessed. The higher the risk, the more controls must be in place to safeguard the company's assets. C. is performed by both internal and external auditors to determine whether the company and employees are following company policies and that operations are running efficiently. D. High-quality employees, trained and supervised E. Each employee has certain, carefully defined tasks and duties F. Divide responsibilities between two or more people G. Examination of a company's financial statements and accounting systems by a trained accounting professional H. Details of business transactions I. Digital storage devices that replace paper documents J. -encryption and firewalls to prevent unauthorized access to confidential information Electronic devices Risk assessment Separation of duties Documents Competent, reliable, and ethical personnel

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