Question: Select from the option list provided the answer that best describes each item below. Each choice may be used once, more than once, or not

Select from the option list provided the answer that best describes each item below. Each choice may be used once, more than once, or not at all.

1. Control activities

2. Segregation of duties

3. Collusion

4. New personnel

5. Rapid growth

6. Control environment

7. Physical controls

8. Corporate restructurings

9. Management override

10. Flowchart

CHOICES:

- AN INHERENT LIMITATION OF INTERNAL CONTROL

-A COSO COMPONENT OF INTERNAL CONTROL

-A FORM OF DOCUMENTATION FOR INTERNAL CONTROL

-A CONDITION THAT DECREASES CONTROL RISK

-A CONDITION THAT INCREASES CONTROL RISK

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