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What are the violations in internal control?
Violations in the internal control involves not going according to the laid down procedure that has been designed by the organisation .Thus not following the rules that governs the activities within the organisation as well as dealing with external parties .
What are the elements of internal control?
An organization establishes a system of internal control to help it manage many of the risks it faces, such risks are classified as follows:- * Inherent Risk * Control Risk * Detection Risk Establishing an internal control is the responsibility of the management, the elements (components) of internal control framework are the following:- * Control environment * Risk Assessment * Control Activities * Information & Communication * Monitoring
What is the primary purpose of effective internal control in an organization?
TO improve on the organizations performance,through making and implementing policies,formulating strategies,thus survival of the business,since business survival is a mere dream if the internal control of the business is lax.
What are the five basic risk factor categories of internal controls?
The five basic risk factor categories of internal controls are control environment, risk assessment, control activities, information and communication, and monitoring activities. The control environment sets the tone for the organization, influencing the awareness of internal controls. Risk assessment involves identifying and analyzing risks that could hinder achieving objectives. Control activities are the policies and procedures that mitigate risks, while information and communication ensure relevant information is effectively conveyed, and monitoring activities assess the performance of internal controls over time.
What is internal control systems?
Internal control systems are control procedures put in place by the management of an organisation to ensure efficient and effective operation of her activities, so as to meet the organisation's objectives.
What are the violations in internal control?
Violations in the internal control involves not going according to the laid down procedure that has been designed by the organisation .Thus not following the rules that governs the activities within the organisation as well as dealing with external parties .
What are the internal and external constraints of implementing management information system in an organisation?
Pg 222 in mis
Which of the following was a key internal weakness of the Roman Empire?
What is following.
Which is a type of detective internal control?
Which of the following is a type of "detective" internal control
What are the elements of internal control?
An organization establishes a system of internal control to help it manage many of the risks it faces, such risks are classified as follows:- * Inherent Risk * Control Risk * Detection Risk Establishing an internal control is the responsibility of the management, the elements (components) of internal control framework are the following:- * Control environment * Risk Assessment * Control Activities * Information & Communication * Monitoring
What are elements of internal control?
An organization establishes a system of internal control to help it manage many of the risks it faces, such risks are classified as follows:- * Inherent Risk * Control Risk * Detection Risk Establishing an internal control is the responsibility of the management, the elements (components) of internal control framework are the following:- * Control environment * Risk Assessment * Control Activities * Information & Communication * Monitoring
What is a cause for a volcano?
Tectonic activities, (Earths internal movements).
Which of the following is NOT an independent agency?
Internal Revenue Service
What are the internal tasks or activities involved during booting of a computer?
lund
Which of the following macromolecules surround and protect internal organs?
carbonhydrates
What is the purpose an Essa?
Require activities to do internal explosives compliance safety evaluatios
Which of the following is an example of an internal peripheral?
graphics card
