Internal control compliance Flashcards
Corporate restructuring
Risk Assessment
Authorization of Transactions
Existing Control Activities
Operating performance reviews
Existing control activities
Participation of those charged with governance
Control Environment
The way in which significant events are captured by the accounting systems
Information and communication
Internal Audit Function
Monitoring
Measurement and recording of proper monetary values
Information and Communication
Assignment of authority, responsibility and accountability
Control Environment
Pre-Numbering of Documents
Existing control activities
Adoption of new Accounting Principals
Risk assessment
Incorporation of New Technology
Risk assessment
Proper presentation of transactions and related disclosures
Information and communication systems
Human Resource policies and practives
Control environment
New Personnel
Risk Assessment
Segregation of Duties
Control Activity
