name and describe the five elements of internal control. Is any one element more important than the other?
5 elements of internal control are as follows :
1.Control environment:It is the foundation on which an effective system of internal control is built. It is a set of standards, processes and structures that acts as the basis for carrying out internal control across the organization
2.Risk assessment:It is the evaluation of various risks associated with the business, including competitive threats, regulatory changes and changes in economic factors.
3.Control procedures:These are policies and procedures which are established to provide reasonable assurance towards the achievement of business goals and targets.
4.Monitoring :Evaluates internal control system and reports deficiencies if any.It ensures that control activities and other planned actions to effect internal control are carried out properly and in a timely manner.
5. Information and communication:It is the means by which information is disseminated throughout the organization, flowing up, down, and across the entity.In simple sense, it provides mngmnt with feedback about internal control.
No. Each element of internal control is as important as the other. For an effective internal control all 5 elements are inevitable.
name and describe the five elements of internal control. Is any one element more important than...
___ . which constitute one of the most important elements of internal control, include seperating responsibilities for related operations?
There are three elements which make up the drug use experience. Do you think any one of these elements has more influence, or is more important, than the other two? If so, which element and why? If not, why not?
Describe the five key elements of internal controls. (10 marks)
Which of the following is an element of internal control? Select one: O A. Control environment O B. Control procedures O C. None of the above O D. All of the above
Discuss Sarbanes-Oxley and the Five Elements of Internal Control. Provide a substantive response. Include unique examples and specific illustrations
Name & describe the five epidemiological determinants (other than bacteria, stress, or diet).
Describe the four main contributors to an individual’s metabolism? In your opinion, is one more important than the others in regard to weight gain/ loss/ maintenance? Why or why not?
Explain the purpose of the name resolution and why might it be important use more than one name server for resolution.
Assignment: In no more than three paragraphs, please describe the following elements of your health issue you will use as the topic of your intervention. Tell us about 1) the health issue 2) the community (target population) 3) why this is important 4) your health theory 5) your data source 6) problems you anticipate
Pick one of the following and describe a control procedure. Basically, each one has more than one control that can be implemented. What internal control procedure(s) would provide protection against the following threats? Theft of goods by the shipping dock workers, who claim that the inventory shortages reflect errors in the inventory records Posting the sales amount to the wrong customer account because a customer account number was incorrectly keyed into the system Making a credit sale to a customer...