Question: Select from the option list provided the correct internal control component to which each statement below relates. Each choice may be used once, more than

Select from the option list provided the correct internal control component to which each statement below relates. Each choice may be used once, more than once, or not at all.

1.Control Activities

2.Risk Assessment

3. Information and communication systems

4. Monitoring

5. Control environment

___An entity maintains a manual that describes the roles and responsibilities of each employee.

___High demand for new products encourages management to move into a new factory.

___Employees who receive payments from customers do not record the payments in the receipts ledger

___Routine operations are reviewed on a weekly basis by supervisors.

___A manager's bonus is dependent on a high rate of growth in revenues.

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