Risk Assessment Objective (6) Flashcards
1
Q
What is the financial performance? (K)
A
Key performance indicators
2
Q
What is internal control
A
Information system
Entity’s risk assessment process
Control activities and environment
Monitoring of controls
3
Q
What is the financial performance? (F)
A
FInancial analysis
4
Q
What is the financial performance? (C)
A
Competitors
5
Q
What is the financial performance? (B)
A
Budgets forecasts
6
Q
What is the financial performance? (E)
A
Employee performance measures
7
Q
What is internal control (C)
A
Control activities and environment
8
Q
What is internal control (I)
A
Information systems
9
Q
What is internal control (E)
A
Entity’s risk assessment process
10
Q
What is internal control (M)
A
Monitoring of controls
