Question: Raintree, CPA, is conducting a training session for you, a staff auditor, regarding the control environment. For each of the factors in the table below,

Raintree, CPA, is conducting a training session for you, a staff auditor, regarding the control environment. For each of the factors in the table below, identify the appropriate internal control component by doubleclicking on the shaded cell and selecting the appropriate component from the list provided.

Factor

Component

1. Authorization of transacti

2. Participation of those charged with governance

3. Internal audit function

4. Assignment of authority, responsibility, and accountability

5. Adoption of new accounting principles

6. Proper presentation of transactions and related disclosures

7. New personnel

8. Segregation of duties

9. Human resource policies and practices

10. Incorporation of new technology

11. Prenumbering of documents

12. Measurement and recording of proper monetary values

13. The way in which significant events are captured by the accounting system

14. Operating performance reviews

15. Corporate restructuring

Components( Control enviroment, Risk assesment, Information and communication systems, monitoring and existing control activities)

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