1B. Match the items with the related statements that follow. . Control environment -. Risk assessment - Control activities . Information and communication - Monitoring 1. The company has an internal audit department. 2. Management encourages employees to follow the rules. 3. Management regularly considers what losses the company might face. 4. Management puts separation of duties in place. 5. The company gathers appropriate information and communicates it to employees. 6. Personnel are well trained and instructed in their duties. 7. The company employs good physical controls. 8. Managers are observant and review how procedures by those who report to them are carried out. 9. The company has a good accounting system.
1B. Match the items with the related statements that follow. . Control environment -. Risk assessment - Control activities . Information and communication - Monitoring 1. The company has an internal audit department. 2. Management encourages employees to follow the rules. 3. Management regularly considers what losses the company might face. 4. Management puts separation of duties in place. 5. The company gathers appropriate information and communicates it to employees. 6. Personnel are well trained and instructed in their duties. 7. The company employs good physical controls. 8. Managers are observant and review how procedures by those who report to them are carried out. 9. The company has a good accounting system.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter14: Completing A Quality Audit
Section: Chapter Questions
Problem 32CYBK
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