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6 of 10 (4 complete HW Score: 22.57% 22.57 of 1 score: ot 10 pts E7-16 (book/static) Match the following terms with their definitions (Use each definition only one) (Consider the following definitions) More Info 1. Internal control 2. Control procedures 3. Firewalls Encryption 5. Environment 6 Information system 7. Separation of duties 8. Collusion 9. Documents 10. Audits 11. Operational efficiency 12. Risk assessment 13. Sarbanes-Oxley Act a. Two or more people working together to overcome internal controls b. Part of internal control that ensures resources are not wasted c. Requires companies to review Internal control and take responsibility for the cracy and completeness of their financial reports d. Should be prenumbered to prevent that and inclony .. Limits access to a local network 1. Example: The person who opens the bank statement should not be the person who is reconciling cash Identification of uncertaines at may is due to a company's products, services or operations h. Examination of a company's financial statements and accounting system by trained accounting professional L Without a sufficient one of these, information cannot properly be gathered and urmarired The organizational plan and all related measures that safeguard assets, encourage employees to follow company policies promote operational efficiency, and ensure accurate and reliable accounting data Component of internal control that helps ensure business goals are achieved Rearranges data by a mathematical process - To establish an effective one, a company's CEO and top managers must behave honorably to set a good example for employees.