Which one of the following is not included in the control environment? a. Integrity & Ethical values b. Organizational Structure c. Competence of Personnel d. External Auditor
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Which one of the following is not included in the control environment?
Integrity & Ethical values
Organizational Structure
Competence of Personnel
External Auditor
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- What are the components of internal control per COSO’s Internal Control—Integrated Framework? a. Organizational structure, management philosophy, planning, risk assessment, and control activities. b. Control environment, risk assessment, control activities, information and communication, and monitoring. c. Risk assessment, control structure, backup facilities, responsibility accounting, and natural laws. d. Legal environment of the firm, management philosophy, organizational structure, control activities, and control assessment.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 activitiesWhich of the following is NOT one of the sub-components of the control environment? O Management's philosophy and operating style. O Adequate separation of duties. O Organisational structure. O Commitment to competence.
- Which of the following i not an element of internal control?A. Control environmentB. MonitoringC. Compliance with laws and regulationsD. Control proceduresWhich of the following is not one of the elements of a good system of internal control? a.Control environment b.Analysis of control procedures c.Information and communication d.Risk assessmentWhich one of the following is not included in the control environment? Question 17Answer a. Organizational Structure b. Integrity & Ethical values c. Competence of Personnel d. External Auditor
- In which element of Internal Control are personnel policies included: Control Procedures Control Environment O Risk Assessmenet Information and Communication O MonitoringWhat activities and responsibilities are not associated with management's functions? a. Planning b. Accountability C. Controlling d. Directing 12.Which type of control is considered a compensating control? a. segregation of duties b. access control c. supervision d. accounting records
- Which of the following is not an aspect of action control? Select one: O a. To define objectives O b. To take corrective action O c. To evaluate actual performance O d. To compare actual performance with goalsAudit 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.Which of the following is not one of the components of internal control according to the framework? a. Monitoring Activities b. Control Activities c. Planning Activities d. Risk Assessment