Match the following elements of internal control: Question 4 options: information and communication control environment risk assessment monitoring control procedures 1.provides reasonable assurance that business goals will be achieved2.used by management for guiding operations and ensuring compliance with requirements3.overall attitude of management and employees4.used to locate weaknesses and improve controls5.identify, analyze and assess likeliness of vulnerabilities

SOLUTION- INTERNAL CONTROL IS A PROCESS WHICH ENSURES CONTINUOUS RELIABILITY OF ACCOMPLISHMENT OF A…

Answered: Question 4 options: information and…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Match the following elements of internal control:

Question 4 options:

	information and communication
	control environment
	risk assessment
	monitoring
	control procedures

1.	provides reasonable assurance that business goals will be achieved
2.	used by management for guiding operations and ensuring compliance with requirements
3.	overall attitude of management and employees
4.	used to locate weaknesses and improve controls
5.	identify, analyze and assess likeliness of vulnerabilities

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions