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CPA AUD Flashcards > AUD 3 Internal Control 5 > Flashcards

AUD 3 Internal Control 5 Flashcards

1
Q

5 Components of Internal Control

AU-C 315 requires the a_____ to obtain an understanding of all 5 components of internal control under COSO

A

5 Components of Internal Control

AU-C 315 requires the auditor to obtain an understanding of all 5 components of internal control under COSO

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2
Q

5 Components of Internal Control

AU-C 315 requires the auditor to obtain an understanding of all 5 com_______s of internal control under COSO

A

5 Components of Internal Control

AU-C 315 requires the auditor to obtain an understanding of all 5 components of internal control under COSO

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3
Q

5 Components of Internal Control

AU-C 315 requires the auditor to obtain an un________ing of all 5 components of internal control under COSO

A

5 Components of Internal Control

AU-C 315 requires the auditor to obtain an understanding of all 5 components of internal control under COSO

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4
Q

5 Components of Internal Control

AU-C 315 requires the auditor to obtain an understanding of all 5 components of internal control under COSO

in order to eva______ the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

A

5 Components of Internal Control

AU-C 315 requires the auditor to obtain an understanding of all 5 components of internal control under COSO

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

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5
Q

5 Components of Internal Control

in order to evaluate the de____ of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

A

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

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6
Q

5 Components of Internal Control

in order to evaluate the design of relevant c______ls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

A

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

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7
Q

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been imp________ed;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

A

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

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8
Q

5 Components of Internal Control

in order to evaluate the design of relevant controls
and det_____e whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

A

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

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9
Q

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the r___ of material misstatement;
and design the nature, timing and extent of further audit procedures.

A

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

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10
Q

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
as__ss the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

A

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

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11
Q

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of m_______ misstatement;
and design the nature, timing and extent of further audit procedures.

A

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

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12
Q

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material miss_________t;
and design the nature, timing and extent of further audit procedures.

A

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

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13
Q

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and de____ the nature, timing and extent of further audit procedures.

A

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

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14
Q

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further a____ procedures.

A

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

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15
Q

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the na____, timing and extent of further audit procedures.

A

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

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16
Q

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, t__ing and extent of further audit procedures.

A

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

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17
Q

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and ex____ of further audit procedures.

A

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

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18
Q

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit pro_______es.

A

5 Components of Internal Control

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

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19
Q

5 Components of Internal Control

AU-C 315 requires the auditor to ob____ an understanding of all 5 components of internal control under COSO

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

A

5 Components of Internal Control

AU-C 315 requires the auditor to obtain an understanding of all 5 components of internal control under COSO

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

How well did you know this?
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20
Q

5 Components of Internal Control

AU-C 315 requires the auditor to obtain an understanding of all 5 components of internal control under C___

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

A

5 Components of Internal Control

AU-C 315 requires the auditor to obtain an understanding of all 5 components of internal control under COSO

in order to evaluate the design of relevant controls
and determine whether they have been implemented;
assess the risk of material misstatement;
and design the nature, timing and extent of further audit procedures.

How well did you know this?
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21
Q

5 Components of Internal Control

AU-C 315 requires the auditor to obtain an understanding of all 5 components of internal control under COSO

in order to evaluate the de____ of relevant controls and determine whether they have been implemented; assess the risk of material misstatement; and design the nature, timing and extent of further audit procedures.

A

5 Components of Internal Control

AU-C 315 requires the auditor to obtain an understanding of all 5 components of internal control under COSO

in order to evaluate the design of relevant controls and determine whether they have been implemented; assess the risk of material misstatement; and design the nature, timing and extent of further audit procedures.

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22
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
  2. Risk Assessment
  3. Control Activities
  4. Information and Communication
  5. Monitoring

or

5 components of internal control
(CRIME)

  • Control activities
  • Risk assessment
  • Information and communication
  • Monitoring
  • Control Environment
A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
  2. Risk Assessment
  3. Control Activities
  4. Information and Communication
  5. Monitoring

or

5 components of internal control
(CRIME)

  • Control activities
  • Risk assessment
  • Information and communication
  • Monitoring
  • Control Environment
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23
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)

The f___t component of the COSO framework is the control environment, also referred to as the tone at the top.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)

The first component of the COSO framework is the control environment, also referred to as the tone at the top.

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24
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)

The first component of the C___ framework is the control environment, also referred to as the tone at the top.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)

The first component of the COSO framework is the control environment, also referred to as the tone at the top.

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25
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)

The first component of the COSO framework is the control environment, also referred to as the t___ at the top.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)

The first component of the COSO framework is the control environment, also referred to as the tone at the top.

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26
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)

The first component of the COSO framework is the control environment, also referred to as the tone at the t__.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)

The first component of the COSO framework is the control environment, also referred to as the tone at the top.

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27
Q

Control Environment = T___ at the Top

A

Elements of Internal Control: (CRIME)

Control Environment = Tone at the Top

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28
Q

Control Environment = Tone at the T__

A

Elements of Internal Control: (CRIME)

Control Environment = Tone at the Top

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29
Q

Control Environment = Tone a_ the Top

A

Elements of Internal Control: (CRIME)

Control Environment = Tone at the Top

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30
Q

Control Environment = Tone at t__ Top

A

Elements of Internal Control: (CRIME)

Control Environment = Tone at the Top

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31
Q

Control Environment = T___ a_ t__ T__

A

Elements of Internal Control: (CRIME)

Control Environment = Tone at the Top

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32
Q

Control Environment = T________________

A

Elements of Internal Control: (CRIME)

Control Environment = Tone at the Top

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33
Q

Control Environment =

A

Elements of Internal Control: (CRIME)

Control Environment = Tone at the Top

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34
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)

The first component of the COSO framework is the control environment, also referred to as the t___ at the top.

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and structure.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)

The first component of the COSO framework is the control environment, also referred to as the tone at the top.

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and structure.

How well did you know this?
1
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3
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35
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the t___ of an organization,
influencing the control consciousness of its people.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and structure.

How well did you know this?
1
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3
4
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36
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the co____l consciousness of its people.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

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37
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
inf______ing the control consciousness of its people.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

How well did you know this?
1
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3
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5
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38
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control cons____ness of its people.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

How well did you know this?
1
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3
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5
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39
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control env________
sets the tone of an organization,
influencing the control consciousness of its people.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

How well did you know this?
1
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2
3
4
5
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40
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an org________n,
influencing the control consciousness of its people.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and structure.

How well did you know this?
1
Not at all
2
3
4
5
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41
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the fou______n for all other components of internal control, providing discipline and structure.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and structure.

How well did you know this?
1
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42
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for a__ other components of internal control, providing discipline and structure.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and structure.

How well did you know this?
1
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3
4
5
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43
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other com________s of internal control, providing discipline and structure.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and structure.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
44
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing dis________ and structure.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and structure.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
45
Q

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and str______e.

A

Elements of Internal Control: (CRIME)

  1. Control Environment (CHOPPER)
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and structure.

How well did you know this?
1
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46
Q

What element of internal control that is the foundation for all other components of internal control, providing discipline and structure?

(Which CRIME?)
• Control activities
• Risk assessment
• Information and communication
• Monitoring
• Control Environment
A

Elements of Internal Control: (CRIME)

  1. Control Environment
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and structure.

How well did you know this?
1
Not at all
2
3
4
5
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47
Q

What element of internal control that sets the tone of an organization, influencing the control consciousness of its people?

(Which CRIME?)
• Control activities
• Risk assessment
• Information and communication
• Monitoring
• Control Environment
A

Elements of Internal Control: (CRIME)

  1. Control Environment
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and structure.

How well did you know this?
1
Not at all
2
3
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5
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48
Q

What element of internal control that provides discipline and structure or all other components of internal control?

(Which CRIME?)
• Control activities
• Risk assessment
• Information and communication
• Monitoring
• Control Environment
A

Elements of Internal Control: (CRIME)

  1. Control Environment
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and structure.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
49
Q

What element of internal control is referred to as the tone at the top?

(Which CRIME?)
• Control activities
• Risk assessment
• Information and communication
• Monitoring
• Control Environment
A

Elements of Internal Control: (CRIME)

  1. Control Environment
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and structure.

How well did you know this?
1
Not at all
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3
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50
Q

What element of internal control influences the control consciousness of its people in an organization?

(Which CRIME?)
• Control activities
• Risk assessment
• Information and communication
• Monitoring
• Control Environment
A

Elements of Internal Control: (CRIME)

  1. Control Environment
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and structure.

How well did you know this?
1
Not at all
2
3
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5
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51
Q

What element of internal control is the foundation for all other components of internal control?

(Which CRIME?)
• Control activities
• Risk assessment
• Information and communication
• Monitoring
• Control Environment
A

Elements of Internal Control: (CRIME)

  1. Control Environment
    “tone at the top.”

The control environment
sets the tone of an organization,
influencing the control consciousness of its people.

It is the foundation for all other components of internal control, providing discipline and structure.

How well did you know this?
1
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3
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52
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
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53
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Com________t to competence

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Commitment to competence

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54
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Commitment to comp_______

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
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55
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Hu___ resource policies and practices

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Human resource policies and practices

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56
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Human res_______ policies and practices

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Human resource policies and practices

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57
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Human resource po___ies and practices

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Human resource policies and practices

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58
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Human resource policies and pra____es

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Human resource policies and practices

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59
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Human resource policies a__ practices

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Human resource policies and practices
  • Organizational structure
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60
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Org_______nal structure

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Organizational structure

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61
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Organizational stru______

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
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62
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Part________n of those charged with Governance

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Participation of those charged with Governance

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63
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Participation of those charged with Gov_______

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Participation of those charged with Governance

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64
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Participation of th___ charged with Governance

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Participation of those charged with Governance

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65
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Participation of those cha___d with Governance

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Participation of those charged with Governance

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66
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Participation of those charged w___ Governance

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
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67
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Com________t to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
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68
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Philo____y of management and mgt operating style

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Philosophy of management and mgt operating style

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69
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Philosophy of ma________ and mgt operating style

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Participation of those charged with Governance

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70
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Philosophy of management and mgt op____ing style

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Philosophy of management and mgt operating style

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71
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Philosophy of management and mgt operating st___e

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
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72
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Eth____ values and Integrity

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Ethical values and Integrity

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73
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Ethical val__s and Integrity

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Ethical values and Integrity

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74
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Ethical values and Int_____y

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Ethical values and Integrity

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75
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Ethical values a__ Integrity

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Ethical values and Integrity
  • Responsibility assignment
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76
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Resp________y assignment

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Responsibility assignment

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77
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Responsibility ass________t

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

• Responsibility assignment

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78
Q

Elements of Internal Control: (CRIME)

Control env__________t factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
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79
Q

Elements of Internal Control: (CRIME)

Control environment fac___s include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
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80
Q

Elements of Internal Control: (CRIME)

C_______ environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
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81
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • C_________ to c___________
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
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82
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • H______ r________ policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
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83
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource po___ies and p______es
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
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84
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • O___________ structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
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85
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational s________
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
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86
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • P_________ of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
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87
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with G___________
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
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88
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • P_________ o_ t_____ c_______ w___ Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
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89
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • P____________________________________
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
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90
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • P_________ of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
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91
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of m___________ and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
92
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and m___________ operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
93
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt o_________ style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
94
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating s_____
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
95
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • P_________ o_ m___________ a__ m___________ o__________ s_____
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
96
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • P_______________________________________
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
97
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • E______ values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
98
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical v_____ and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
99
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and I________
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
100
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values a__ Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
101
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • E______ v_____ a__ I________
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
102
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • E_____________________
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
103
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • R_________ assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
104
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility a__________
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
105
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • C_________________
  • H__________________________
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
106
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • O_____________________
  • P______________________________________
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
107
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • P_______________________________________
  • P_____________________________________
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
108
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • C_________________________
  • Human resource policies and practices
  • O______________________
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
109
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • H____________________________
  • Organizational structure
  • P_____________________________________
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
110
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • O_________________
  • Participation of those charged with Governance
  • P_______________________________________
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
111
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • P___________________________________
  • Philosophy of management and mgt operating style
  • E_______________________
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
112
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • P______________________________________
  • Ethical values and Integrity
  • R__________________
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
113
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • O_________________
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • E_____________________
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
114
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • C______________________
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • P_______________________________________
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
115
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • H_____________________________
  • Organizational structure
  • P_____________________________________
  • Philosophy of management and mgt operating style
  • E_______________________
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
116
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • H_____________________________
  • Organizational structure
  • Participation of those charged with Governance
  • P_______________________________________
  • Ethical values and Integrity
  • R___________________
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
117
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • C______________________
  • H_____________________________
  • O_________________
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
118
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • C______________________
  • H_____________________________
  • O_________________
  • P__________________________________
  • P________________________________________
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
119
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • E_____________________
  • R____________________
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
120
Q

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • C______________________
  • H_____________________________
  • O_________________
  • P__________________________________
  • P________________________________________
  • E_____________________
  • R____________________
A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
121
Q

What are factors of control environment (CHOPPER)?

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
122
Q

What is “H” in factors of control environment (CHOPPER)?

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
123
Q

What is “R” in factors of control environment (CHOPPER)?

A

Elements of Internal Control: (CRIME)

Control environment factors include (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
124
Q

Elements of Internal Control: (CRIME)

Control Environment (CHOPPER)
The first component of the COSO framework is the control environment, also referred to as the tone at the top.

The control environment sets the tone of an organization, influencing the control consciousness of its people. It is the foundation for all other components of internal control, providing discipline and structure.

Control environment f_____s (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
A

Elements of Internal Control: (CRIME)

Control Environment (CHOPPER)
The first component of the COSO framework is the control environment, also referred to as the tone at the top.

The control environment sets the tone of an organization, influencing the control consciousness of its people. It is the foundation for all other components of internal control, providing discipline and structure.

Control environment factors (CHOPPER):

  • Commitment to competence
  • Human resource policies and practices
  • Organizational structure
  • Participation of those charged with Governance
  • Philosophy of management and mgt operating style
  • Ethical values and Integrity
  • Responsibility assignment
125
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to com________

– Effective control requires a sincere interest on the part of the employees in performing good work.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence
– Effective control requires a sincere interest on the part of the employees in performing good work.

• H = Human resource policies and practices
– A company can minimize the control difficulties created by new employees by sound hiring and training policies for employees.

• O = Organizational structure
– A company that operates all over the world has different internal control problems than one operating entirely within a single building.

• P = Participation of those charged with Governance
– An audit committee of the board of directors that actively monitors the internal audit function produces a more attentive management on such matters.

• P = Philosophy of management and mgt operating style
– The belief (or lack of it) in the importance of internal control by management will affect the seriousness with which it is taken by the rest of the employees. This is especially the case when decision-making in the company is dominated by a single individual.

• E = Ethical values and Integrity
– Honest employees will be less likely to cause internal control difficulties related to fraud and improve the opportunity for those resulting from errors to be effectively detected.

• R = Responsibility assignment
– The manner in which authority, responsibility and accountability is assigned to different employees determines the controls that will be needed. Again, the domination of decision-making by a single individual holds significance, since such power makes it extremely difficult for internal control to be trusted.

126
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective co_____ requires a sincere interest on the part of the employees in performing good work.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective control requires a sincere interest on the part of the employees in performing good work.

127
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Eff______ control requires a sincere interest on the part of the employees in performing good work.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective control requires a sincere interest on the part of the employees in performing good work.

128
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective control req___es a sincere interest on the part of the employees in performing good work.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective control requires a sincere interest on the part of the employees in performing good work.

129
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective control requires a sincere in_______ on the part of the employees in performing good work.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective control requires a sincere interest on the part of the employees in performing good work.

130
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective control requires a sincere interest on the part of the em___ees in performing good work.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective control requires a sincere interest on the part of the employees in performing good work.

131
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective control requires a sincere interest on the part of the employees in performing good w__k.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective control requires a sincere interest on the part of the employees in performing good work.

132
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective control requires a sincere interest on the part of the employees in per___ing good work.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective control requires a sincere interest on the part of the employees in performing good work.

133
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective control requires a sincere interest on the part of the employees in performing g__d work.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective control requires a sincere interest on the part of the employees in performing good work.

134
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Com_________ to competence

– Effective control requires a sincere interest on the part of the employees in performing good work.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence

– Effective control requires a sincere interest on the part of the employees in performing good work.

135
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human res_____ policies and practices

– A company can minimize the control difficulties created by new employees by sound hiring and training policies for employees.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize the control difficulties created by new employees by sound hiring and training policies for employees.

136
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = H_____ resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

137
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can min______
the control difficulties created by new employees
by sound hiring and training policies for employees.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

138
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the co______ difficulties created by new employees
by sound hiring and training policies for employees.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

139
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control diff_____ies created by new employees
by sound hiring and training policies for employees.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

140
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new em____ees
by sound hiring and training policies for employees.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

141
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties cre__ed by new employees
by sound hiring and training policies for employees.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

142
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by n__ employees
by sound hiring and training policies for employees.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

143
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound h__ing and training policies for employees.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

144
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and tr___ing policies for employees.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

145
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training po___ies for employees.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

146
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for em____ees.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

147
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A com____ can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

148
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource po___ies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize
the control difficulties created by new employees
by sound hiring and training policies for employees.

149
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and pr___ices

– A company can minimize the control difficulties created by new employees by sound hiring and training policies for employees.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• H = Human resource policies and practices

– A company can minimize the control difficulties created by new employees by sound hiring and training policies for employees.

150
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Org_________nal structure

– A company that operates all over the world has different internal control problems than one operating entirely within a single building.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A company that operates all over the world has different internal control problems than one operating entirely within a single building.

151
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A com____ that operates all over the world has different internal control problems than one operating entirely within a single building.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A company that operates all over the world has different internal control problems than one operating entirely within a single building.

152
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A company that operates all over the w___d has different internal control problems than one operating entirely within a single building.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A company that operates all over the world has different internal control problems than one operating entirely within a single building.

153
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A company that operates all over the world has different in_______ control problems than one operating entirely within a single building.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A company that operates all over the world has different internal control problems than one operating entirely within a single building.

154
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A company that operates all over the world has different internal control problems than one operating entirely within a si___e building.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A company that operates all over the world has different internal control problems than one operating entirely within a single building.

155
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A company that operates all over the world has different internal control problems than one operating entirely within a single b____ing.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A company that operates all over the world has different internal control problems than one operating entirely within a single building.

156
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A company that op_____es all over the world has different internal control problems than one operating entirely within a single building.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A company that operates all over the world has different internal control problems than one operating entirely within a single building.

157
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A company that operates all over the world has diff_______ internal control problems than one operating entirely within a single building.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A company that operates all over the world has different internal control problems than one operating entirely within a single building.

158
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational str_______

– A company that operates all over the world has different internal control problems than one operating entirely within a single building.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• O = Organizational structure

– A company that operates all over the world has different internal control problems than one operating entirely within a single building.

159
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Par_________ of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a more attentive management
on such matters.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a more attentive management
on such matters.

160
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An a____ committee of the board of directors
that actively monitors the internal audit function
produces a more attentive management
on such matters.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a more attentive management
on such matters.

161
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit com____ee of the board of directors
that actively monitors the internal audit function
produces a more attentive management
on such matters.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a more attentive management
on such matters.

162
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the bo___ of directors
that actively monitors the internal audit function
produces a more attentive management
on such matters.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a more attentive management
on such matters.

163
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that ac____ly monitors the internal audit function
produces a more attentive management
on such matters.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a more attentive management
on such matters.

164
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively mo_______s the internal audit function
produces a more attentive management
on such matters.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a more attentive management
on such matters.

165
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a more att______ management
on such matters.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a more attentive management
on such matters.

166
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
pro____s a more attentive management
on such matters.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a more attentive management
on such matters.

167
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a more attentive m__________
on such matters.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a more attentive management
on such matters.

168
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a m___ attentive management
on such matters.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a more attentive management
on such matters.

169
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a more attentive management
on such mat___s.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors
that actively monitors the internal audit function
produces a more attentive management
on such matters.

170
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of th___ charged with Governance

– An audit committee of the board of directors that actively monitors the internal audit function produces a more attentive management on such matters.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors that actively monitors the internal audit function produces a more attentive management on such matters.

171
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Gov________

– An audit committee of the board of directors that actively monitors the internal audit function produces a more attentive management on such matters.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Participation of those charged with Governance

– An audit committee of the board of directors that actively monitors the internal audit function produces a more attentive management on such matters.

172
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of m___________ and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.

This is especially the case when decision-making in the company is dominated by a single individual.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.

This is especially the case when decision-making in the company is dominated by a single individual.

173
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The be\_\_\_f (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.
A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.
174
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or l\_\_k of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.
A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.
175
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal co\_\_\_\_\_ 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.
A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.
176
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the imp\_\_\_\_\_\_\_\_of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.
A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.
177
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by m\_\_\_\_\_\_\_\_\_\_\_ 
will affect the seriousness 
with which it is taken by the rest of the employees.
A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.
178
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the ser\_\_\_\_\_\_\_\_\_ss 
with which it is taken by the rest of the employees.
A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.
179
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the em\_\_\_\_ees.
A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.
180
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is ta\_\_\_ by the rest of the employees.
A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.

This is especially the case when decision-making in the company is dominated by a single individual.

181
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the r\_\_\_ of the employees.
A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.

This is especially the case when decision-making in the company is dominated by a single individual.

182
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.

This is especially the case when decision-making in the com____ is dominated by a single individual.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.

This is especially the case when decision-making in the company is dominated by a single individual.

183
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.

This is especially the case when decision-making in the company is dominated by a single in________.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.

This is especially the case when decision-making in the company is dominated by a single individual.

184
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.

This is especially the case when de______-making in the company is dominated by a single individual.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.

This is especially the case when decision-making in the company is dominated by a single individual.

185
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.

This is especially the case when decision-m__ing in the company is dominated by a single individual.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

  – The belief (or lack of it) 
in the importance of internal control 
by management 
will affect the seriousness 
with which it is taken by the rest of the employees.

This is especially the case when decision-making in the company is dominated by a single individual.

186
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt op____ing style

– The belief (or lack of it) in the importance of internal control by management will affect the seriousness with which it is taken by the rest of the employees.

This is especially the case when decision-making in the company is dominated by a single individual.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

– The belief (or lack of it) in the importance of internal control by management will affect the seriousness with which it is taken by the rest of the employees.

This is especially the case when decision-making in the company is dominated by a single individual.

187
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Ph_______y of management and mgt operating style

– The belief (or lack of it) in the importance of internal control by management will affect the seriousness with which it is taken by the rest of the employees.

This is especially the case when decision-making in the company is dominated by a single individual.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• P = Philosophy of management and mgt operating style

– The belief (or lack of it) in the importance of internal control by management will affect the seriousness with which it is taken by the rest of the employees.

This is especially the case when decision-making in the company is dominated by a single individual.

188
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical va___s and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and improve the opportunity for those resulting from errors
to be effectively detected.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and improve the opportunity for those resulting from errors
to be effectively detected.

189
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest em____ees will
be less likely to cause internal control difficulties related to fraud
and improve the opportunity for those resulting from errors
to be effectively detected.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and improve the opportunity for those resulting from errors
to be effectively detected.

190
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal co_____ difficulties related to fraud
and improve the opportunity for those resulting from errors
to be effectively detected.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and improve the opportunity for those resulting from errors
to be effectively detected.

191
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control diff_____ies related to fraud
and improve the opportunity for those resulting from errors
to be effectively detected.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and improve the opportunity for those resulting from errors
to be effectively detected.

192
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fr__d
and improve the opportunity for those resulting from errors
to be effectively detected.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and improve the opportunity for those resulting from errors
to be effectively detected.

193
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and imp____ the opportunity for those resulting from errors
to be effectively detected.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and improve the opportunity for those resulting from errors
to be effectively detected.

194
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and improve the opp________ for those resulting from errors
to be effectively detected.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and improve the opportunity for those resulting from errors
to be effectively detected.

195
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and improve the opportunity for those re____ing from errors
to be effectively detected.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and improve the opportunity for those resulting from errors
to be effectively detected.

196
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and improve the opportunity for those resulting from er___s
to be effectively detected.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and improve the opportunity for those resulting from errors
to be effectively detected.

197
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and improve the opportunity for those resulting from errors
to be effectively de____ed.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will
be less likely to cause internal control difficulties related to fraud
and improve the opportunity for those resulting from errors
to be effectively detected.

198
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and In_______y

– Honest employees will be less likely to cause internal control difficulties related to fraud and improve the opportunity for those resulting from errors to be effectively detected.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will be less likely to cause internal control difficulties related to fraud and improve the opportunity for those resulting from errors to be effectively detected.

199
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will be le__ likely to cause internal control difficulties related to fraud and improve the opportunity for those resulting from errors to be effectively detected.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will be less likely to cause internal control difficulties related to fraud and improve the opportunity for those resulting from errors to be effectively detected.

200
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will be less likely to ca___ internal control difficulties related to fraud and improve the opportunity for those resulting from errors to be effectively detected.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will be less likely to cause internal control difficulties related to fraud and improve the opportunity for those resulting from errors to be effectively detected.

201
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Et_____ values and Integrity

– Honest employees will be less likely to cause internal control difficulties related to fraud and improve the opportunity for those resulting from errors to be effectively detected.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• E = Ethical values and Integrity

– Honest employees will be less likely to cause internal control difficulties related to fraud and improve the opportunity for those resulting from errors to be effectively detected.

202
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility ass________

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

203
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, res__________ and accountability is assigned to different employees

determines the controls that will be needed.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

204
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which auth______, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

205
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and acco________ is assigned to different employees

determines the controls that will be needed.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

206
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is ass___ed to different employees

determines the controls that will be needed.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

207
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different em___ees

determines the controls that will be needed.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

208
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to diff______ employees

determines the controls that will be needed.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

209
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the co______s that will be needed.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

210
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

dete_____es the controls that will be needed.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

211
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be n___ed.

Again, the domination of decision-making by a single individual holds significance,

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

212
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of dec_____-making by a single individual holds significance,

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

213
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-m__ing by a single individual holds significance,

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

214
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a sin___ individual holds significance,

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

215
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single ind______ holds significance,

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

216
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds sig__________,

since such power makes it extremely difficult for internal control to be trusted.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

since such power makes it extremely difficult for internal control to be trusted.

217
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the dom________ of decision-making by a single individual holds significance,

since such power makes it extremely difficult for internal control to be trusted.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

since such power makes it extremely difficult for internal control to be trusted.

218
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

since such po___ makes it extremely difficult for internal control to be trusted.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

since such power makes it extremely difficult for internal control to be trusted.

219
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

since such power makes it extremely diff____ for internal control to be trusted.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

since such power makes it extremely difficult for internal control to be trusted.

220
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

since such power makes it extremely difficult for internal co_____ to be trusted.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

since such power makes it extremely difficult for internal control to be trusted.

221
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

since such power makes it extremely difficult for internal control to be tr___ed.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

since such power makes it extremely difficult for internal control to be trusted.

222
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Res_________ assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

since such power makes it extremely difficult for internal control to be trusted.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees

determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance,

since such power makes it extremely difficult for internal control to be trusted.

223
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = R__________ assignment

– The manner in which authority, responsibility and accountability is assigned to different employees
determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance, since such power makes it extremely difficult for internal control to be trusted.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees
determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance, since such power makes it extremely difficult for internal control to be trusted.

224
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees
determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance, since such power makes it ext_______ difficult for internal control to be trusted.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• R = Responsibility assignment

– The manner in which authority, responsibility and accountability is assigned to different employees
determines the controls that will be needed.

Again, the domination of decision-making by a single individual holds significance, since such power makes it extremely difficult for internal control to be trusted.

225
Q

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence
– Effective control requires a sincere interest on the part of the employees in performing good work.

• H = Human resource policies and practices
– A company can minimize the control difficulties created by new employees by sound hiring and training policies for employees.

• O = Organizational structure
– A company that operates all over the world has different internal control problems than one operating entirely within a single building.

• P = Participation of those charged with Governance
– An audit committee of the board of directors that actively monitors the internal audit function produces a more attentive management on such matters.

• P = Philosophy of management and mgt operating style
– The belief (or lack of it) in the importance of internal control by management will affect the seriousness with which it is taken by the rest of the employees. This is especially the case when decision-making in the company is dominated by a single individual.

• E = Ethical values and Integrity
– Honest employees will be less likely to cause internal control difficulties related to fraud and improve the opportunity for those resulting from errors to be effectively detected.

• R = Responsibility assignment
– The manner in which authority, responsibility and accountability is assigned to different employees determines the controls that will be needed. Again, the domination of decision-making by a single individual holds significance, since such power makes it extremely difficult for internal control to be trusted.

A

Elements of Internal Control: (CRIME)

E : Control Environment
Factors (CHOPPER)

• C = Commitment to competence
– Effective control requires a sincere interest on the part of the employees in performing good work.

• H = Human resource policies and practices
– A company can minimize the control difficulties created by new employees by sound hiring and training policies for employees.

• O = Organizational structure
– A company that operates all over the world has different internal control problems than one operating entirely within a single building.

• P = Participation of those charged with Governance
– An audit committee of the board of directors that actively monitors the internal audit function produces a more attentive management on such matters.

• P = Philosophy of management and mgt operating style
– The belief (or lack of it) in the importance of internal control by management will affect the seriousness with which it is taken by the rest of the employees. This is especially the case when decision-making in the company is dominated by a single individual.

• E = Ethical values and Integrity
– Honest employees will be less likely to cause internal control difficulties related to fraud and improve the opportunity for those resulting from errors to be effectively detected.

• R = Responsibility assignment
– The manner in which authority, responsibility and accountability is assigned to different employees determines the controls that will be needed. Again, the domination of decision-making by a single individual holds significance, since such power makes it extremely difficult for internal control to be trusted.

CPA AUD Flashcards (62 decks)

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