Control environment and risk assessment

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Reference no: EM131036053

Raintree, CPA, is conducting a training session for you, a staff auditor, regarding the control environment. For each of the factors in the list below, identify the appropriate internal control component from the list provided: Control enviornment, risk assessment, information and communication systems, monitoring, or exisiting control activities

1. Authorization of transactions

2. Participation of those charged with governance

3. Internal audit function

4. Assignment of authority, responsibility, and accountability

5. Adoption of new accounting principles

6. Proper presentation of transactions and related disclosures

7. New Personnel

8. Segregation of duties

9. Human resource policies and practices

10. Incorporation of new technology

11. Pre numbering of documents

12. Measurement and recording of proper monetary values

13. The way in which significant events are captured by the accounting system

14. Performance review

15. Corporate restructuring

Reference no: EM131036053

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