Indicate the COOO component that matches with each of the following internal control activities. Internal control activities a. Independent review of controls. b. Analyses of fraud risk factors. c. Implementation of policies to reduce risk of internal control failure d. Executives' strong ethics.

Indicate the COOO component that matches with each of the following internal control activities. Internal control activities a. Independent review of controls. b. Analyses of fraud risk factors. c. Implementation of policies to reduce risk of internal control failure d. Executives' strong ethics.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

cosO components
"e.
Monitoring
Risk assessment
Control activities
Control environment
Information and communication

Indicate the COSO component that matches with each
of the following internal control activities.
Internal control activities
a. Independent review of controls.
b. Analyses of fraud risk factors.
c. Implementation of policies to reduce risk of internal control failure
d. Executives' strong ethics.

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