0
Internal control evaluation involves everything management does to control the organization in the effort to achieve its objectives
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is COSO's Internal Control?
In 1992 COSO issued Internal Control--An Integrated Framework for companies, their managements, and their auditors.
Are people with internal or external locus of control healthier?
To me, people with internal locus of control are happier because they can exert control over their lives using their own internal criterion. External causes do not regulate their lives.
What are limitations of internal control?
Limitations of internal control include faulty human judgment, misunderstanding of instructions, errors, management override of controls, and collusion
What is external locus of evaluation from rogers perspective?
The 'Locus of Evaluation' is internal evaluations from feelings and intuition (gut feelings), they are in touch with the 'organismic valuing process', an authentic part of the self, not governed by values of other people or by institutionalized values.
What is a locus of control and what is the difference between an internal and external locus of control?
Locus of Control refers to the extent to which individuals believe that they can control events that affect them. Individuals with a high internal locus of control believe that events result primarily from their own behavior and actions. Those with a high external locus of control believe that powerful others, fate, or chance primarily determine events. Those with a high internal locus of control have better control of their behavior and tend to exhibit more political behaviors than externals and are more likely to attempt to influence other people; they are more likely to assume that their efforts will be successful. They are more active in seeking information and knowledge concerning their situation than do externals. The propensity to engage in political behavior is stronger for individuals who have a high internal locus of control than for those who have a high external locus of control.
An internal control evaluation plan is optional?
yes
What is internal control evaluation questionneirs?
They are handy lists of specific questions for auditors or industry employees to ask which will uncover internal control deficiencies.
The internal control evaluation plan is developed by the Assessable Unit Manager managers and the Internal Control Administrator in accordance with SRO guidance and organizational objectives?
true
What has the author Judith Anne Hanna written?
Judith Anne Hanna has written: 'A critical evaluation of the literature of internal-external locus of control and a tentative hypothesis concerning the antecedents of internal-external control' -- subject(s): Control (Psychology), Internalization
Describe the evaluation process for Operational Control?
Describe the evaluation process for Operational Control Describe the evaluation process for Operational Control
In the internal control evaluation plan it is helpful to include the sampling relating to each evaluation area.?
Yes, including sampling in the internal control evaluation plan helps determine the extent of testing needed to assess the effectiveness of controls in each area. It allows for a systematic and structured approach to evaluating controls, ensuring a representative sample is tested to draw conclusions about the overall control environment. Sampling helps manage resources efficiently by focusing on key areas without testing every single transaction or process.
What has the author Arthur Zale Lieberman written?
Arthur Zale Lieberman has written: 'Methodology for the automation of the audit process involving the evaluation of the plan of internal control'
Difference between internal audit and internal control systems?
Distinguish between internal audit and internal control.
An internal control evaluation is a detailed systematic and comprehensive examination of key controls to determine if they and rsquore in place being used as intended and effective in achieving their?
true
There are GAO internal control standards?
there are how many GAO internal control standards?
Which is a type of detective internal control?
Which of the following is a type of "detective" internal control
What is locus of evaluation?
The external locus of evaluation means a person listens to others opinions rather than there own. Internal locus of evaluation means they are happy with there own opinion. If we are too influenced by people and things outside us, we are said to have an external locus of evaluation. When we are able to decide for ourselves exactly what we want from life, rather than being too influenced by others, then we are said to have an internal locus of evaluation.
