0
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?
What was that cartoon where 4 people control 4 elements?
'Avatar : The Last Airbender' .
Why do the outer electrons control what the atom does?
Outter electrons are involved in chemical reactions since they are the most vunerable. The elements towards the left of the periodic table tend to lose electrons to form Cations, while elements towards the right tend to form Anions.
Four basic elements of a camera chain?
A television camera, associated amplifiers, a monitor, and the cable needed to bring the camera output signal to the control room.
How to draw the internal structure of a leaf?
draw internal leaf
What is the adjective form of internal?
'Internal' itself is already an adjective. =)
When a firm uses internal auditors it is adhering to which one what internal control elements?
monitoring
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
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.
Who does the management Internal Control Program assessable unit manager appoint to administer the manager's internal control process?
The management Internal Control Program allows the assessable unit manager to appoint a designated internal control coordinator or officer. This individual is responsible for overseeing the internal control process, ensuring compliance with policies, and facilitating the implementation of effective control measures. The appointed coordinator typically collaborates with various departments to monitor and enhance internal controls within the unit.
How many GAO internal control standards?
The Government Accountability Office (GAO) has established a framework of internal control standards known as the "Standards for Internal Control in the Federal Government," often referred to as the Green Book. This framework outlines five key components of internal control: Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring. Each component is essential for effective internal control and governance within federal agencies.
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
