Chapter 9: Internal control

Question 1

Components of an internal control system

Answer 1

1. Control environment: môi trường kiểm soát ~ môi trường sống
2. Risk assessment process: who is responsible? how to response and manange the risk?
3. Information system: hệ thống thông tin
4. Control activities: (5 types) Authorisation, Performance reviews, Information processing, Physical controls, Segregation of duties
5. Monitoring: Giám sát/ Kiểm sát xem có được thực hiện/ thực thi ko