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Internal controls are often categorized using the COSO internal Control-Integrated Framework. In the following table, Column 1 shows the COSO internal control objectives and components, and Column 2 lists examples of internal controls Column 1: COSO IC Objectives or IC Componients Column 2: Controls implemented For Firm ABC A. Operations 1. The executive team meets quarterly to review all business risks fincluding the potential for fraud), implements risk responses, and manages risk, including making changes to the system of inlernal control. B. Risk assessment 2. The executive team meets each month to review the monthly financial statements and accounting ratios provided by the controller and approved by the CFO. The main objective of this review is to see whether the firm has met operational and finaricial performance goals. C. Monitoring 3. The employee who performs bank reconciliations is someone other than the employees who handle cash and generate payments from the firm. D. Information and 4. Managernent implemented a code of ethics, which includes policies on conflicts of interest. All communication. employees, including executives, electronically sign anacknowiedgment that they have read, understand, and agree to abide by the code. E. Compliance 5. Management implemented continuous monitoring over the call center to confirm that the call center answers the calls in a timely mannen F. Controlactivities 6. Strong controls are in place to ensuore proper accounting for and timely payment of statutory payrolideductions tiket (1) federal, state, and local income taxes and (2) social security and Medicare deductions and firm contributions, to the respective governmental agencies. G. Controlervironment 7. The human resources department has processes in place to ensure that ernployees at all leveis have thi qualifications, exprience and training to effiently and effectively perform their work H. Reporting 8. There are controls in place to ensure that the audit committee receives reports in a timely enanner on internal control deficiencies identified by the internal audit department. For the items listed in Column 1, identify eachas a control objective or as one of the interrelated components of the internal controi framework. Then, for the interrelated components, list them in the correct sequential order