Internal Control Frameworks

Question 1

ORC

Answer 1

Operations, Reporting, and Compliance

Question 2

Internal Control Components (CRIME)

Answer 2

Control Environment , Risk Assessment, Information & Communication, Monitoring activities, and Existing Control Activities

Question 3

Control Environment (EBOCA)

Answer 3

Ethics, Board Independence, Organizational Structure, Commitment to Competence, Accountability

Question 4

Risk Assessment (SAFR)

Answer 4

Specify objectives, Assess Changes, Fraud, Risks

Question 5

Information & Communication (OIE)

Answer 5

Obtain & use information, Internal Communication, and External Communication

Question 6

Monitoring Activities (SO D)

Answer 6

Ongoing and/or separate evaluations, and report deficiencies

Question 7

Existing Control Activity (CA T P)

Answer 7

Select and develop Control Activities, Technology Controls, Policies and Procedures