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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 else can I help you with?
Difference between internal audit and internal control systems?
Distinguish between internal audit and internal control.
Internal Audit is similar to that of internal control true or false?
false
Characteristics of a good internal control system?
good environment control
Why is it necessary for auditors to assess internal internal control processes?
why is it necessary for the auditor to assess the internal contol processess
The objectives of internal control are to?
Internal control serve as alert systems for businesses. Once they have established triggers, they can operate their business knowing they won't have too many mistakes with internal controls in place.
When a firm uses internal auditors it is adhering to which one what internal control elements?
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
Difference between internal audit and internal control systems?
Distinguish between internal audit and internal control.
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 the objective of Internal Control System and explain briefly internal control framework?
In 1992 COSO issued Internal Control--An Integrated Framework for companies, their managements, and their auditors.
Internal control system in nigeria ECWA Church?
what is the internal control system of Nigerian churches
What is internal control?
In 1992 COSO issued Internal Control--An Integrated Framework for companies, their managements, and their auditors.
What are theProspects of accounting internal control departments to banks?
Prenumbered printed checks are an example of which internal control principle
Internal Audit is similar to that of internal control true or false?
false
Definition of internal control by different authors?
definition of control
What is internal control of an organization?
strategies,thus survival of business since business survival is a mere dream of internal control
