17 Principles of Internal Control

Question 1

Control Environment (5)

Answer 1

1    Integrity
2   BOD - Independent
3   Mgmt Oversight
4   Competence
5   Accountability

Question 2

Risk Assessment (4)

Answer 2

1 Objectives
2 Risk Assessment
3 Fraud
4 Change Mgmt

Question 3

Control Activities (3)

Answer 3

1 Risk Reduction
2 Technology Controls
3 Policies

Question 4

Information & Communication (3)

Answer 4

1 Quality
2 Internal
3 External

Question 5

Monitoring (2)

Answer 5

1 Ongoing & Periodic

2 Address Deficiencies