In which element of Internal Controlare personnel policies included:Control ProceduresControl EnvironmentO Risk AssessmenetInformation and CommunicationO Monitoring

Personnel policies outline the hiring procedure, including whether they should be tested first,…

Answered: In which element of Internal Control…

Business/Professional Ethics Directors/Executives/Acct

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Chapter8: Subprime Lending Fiasco-ethics Issues

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Which of the following is an element of the control environment? Oa. Risk assessment plans Ob. Managements' operating styles Oc. Control proceares Od. Information and communication activities
What element of internal control would include the setting of "tone at the top"? a.control environment b.risk assessment c.monitoring d.control activities
Audit procedures designed to evaluate the operating effectiveness of controls to prevent, detect, or correct material misstatements are known as organizational structure. O control testing. O commitment to competence. O management's philosophy and operating style.
How discussing control with the apprpriate levels of personnel in internal control system?
Which of the following elements of internal control includes maintaining records of employees documenting their compensation and promotion? Control procedures Monitoring Control environment Risk assessment
The internal audit function is part of what element of the internal control system? a.Risk assessment b.Control activities c.Control environment d.Monitoring
_____, which constitute one of the most important elements of internal control, include separating responsibilities for related operations. Control procedures Risk assessment activities Information and communication activities Risk monitoring procedures
Written Policies and Procedures as a part of internal control system serves all of the following objectives, except a. Provide a source of continuity and a basis for uniformity. b. Serve as reference material for future c. Helps discrepancies to be resolved immediately d. Provide a training tool for new employees
Which of the following is not a common procedure for assessing operating effectiveness of preventive controls? a. Observation of personnel b. Analysis of trends or ratios c. Inspection of documents d. Inquiries of management
Which of the following is a common monitoring control? Multiple Choice audit committee inquiries of internal and external auditors Osegregation of duties O client generates reports with information used by management Omanagement establishes a "tone at the top" environment
Which among the following is not a principle relating to control activities? a. Management designs control activities to achieve its objectives. b. Management designs its information systems and related control activities to achieve its objectives and respond to risks. c. External auditor implements the control activities to achieve its objectives and respond to risks d. The agency implements control activities through policies and procedures.
Reasonable assurance that the objectives of internal control are achieved depends on the competence and integrity of personnel. TRUE OR FALSE? WHY?

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In which element of Internal Control are personnel policies included: Control Procedures Control Environment Risk Assessmenet Information and Communication Monitoring