The audit team$$s overarching objective when auditing the system of internal control over financial reporting is to express an opinion on the system$$s effectiveness. To achieve this goal, the COSO framework defines five interrelated components of a well$-$functioning internal control system. They are $\backslash$table$[[\backslash$table$[[$a$.$ Jackman Ridge has a code of conduct that must be read by each$],[$employee$.]],],[\backslash$table$[[$b$.$ Jackman Ridge has a management committee that develops control$],[$activities that help to mitigate the risk of material misstatement.$]],],[\backslash$table$[[$c$.$ Jackman Ridge identifies risks and then carefully analyzes such risks$],[$as a basis for determining how the risks should be managed.$]],],[\backslash$table$[[$d$.$ Jackman Ridge works hard to provide information needed to support$],[$the proper functioning of internal control.$]],],[\backslash$table$[[$e$.$Jackman Ridge has a management team that carefully established an$],[$organizational chart with proper oversight, structures, and reporting$],[$lines$.]],],[\backslash$table$[[$f$.$ Jackman Ridge performs quarterly evaluations to determine whether$],[$the components of internal control are present and functioning properly.$]],],[\backslash$table$[[$g$.$Jackman Ridge assesses its external competitive market to$],[$determine if they should make any changes to their established$],[$procedures$.]],],[\backslash$table$[[$h$.$ The CFO at Jackman Ridge receives an aged trial balance in a timely$],[$manner each month for his review of the allowance for doubtful$],[$accounts$.]],],[\backslash$table$[[$i$.$ Jackman Ridge is well known in the industry for holding its employees$],[$accountable for their internal control responsibilities.$]],]]$

Control environment.

Risk assessment.

Control activities.

Monitoring.

Information and communication.

For each of the controls identified below for Jackman Ridge, please select the most appropriate component from the COSO framework: