(a) Name and describe the five elements of internal control. (b) Is any one element of internal control more important than another?

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
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
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(a) Name and describe the five elements of internal control. (b) Is any one element of internal control more important than another?

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