Internal control compliance Flashcards Preview

Audit Simulation > Internal control compliance > Flashcards

Flashcards in Internal control compliance Deck (15):
1

Corporate restructuring

Risk Assessment

2

Authorization of Transactions

Existing Control Activities

3

Operating performance reviews

Existing control activities

4

Participation of those charged with governance

Control Environment

5

The way in which significant events are captured by the accounting systems

Information and communication

6

Internal Audit Function

Monitoring

7

Measurement and recording of proper monetary values

Information and Communication

8

Assignment of authority, responsibility and accountability

Control Environment

9

Pre-Numbering of Documents

Existing control activities

10

Adoption of new Accounting Principals

Risk assessment

11

Incorporation of New Technology

Risk assessment

12

Proper presentation of transactions and related disclosures

Information and communication systems

13

Human Resource policies and practives

Control environment

14

New Personnel

Risk Assessment

15

Segregation of Duties

Control Activity