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Define
Complete Me
Business
Needed
Components
100
Impacts an organization's ability to meet it's objectives.
What is a Risk
100
Internal controls consists of all measures taken by the organization for the purpose of protecting its resources against waste, inefficiency, and
What is Fraud
100
There are how many components of internal controls
What is Five
100
To maintain customer loyalty a business must provide
What is Excellent Customer Services
100
This is a component in maintaining internal controls
What is Communication
200
The communication between two employees that are in the same department is called
What is Cross Communication.
200
Inernal Controls are simply
What is Good Business
200
Having a "Good Face" for a business is better known as
What is A Positive Public Image
200
A business must reduce this to maintain assets in the future
What is Overdrafts
200
A measure that is taken for the purpose of internal controls
What is Ensuring accuracy and reliability in accounting
300
A major accounting and auditing tool that is used in professional organizations.
What is COSO
300
COSO requires an organization to take an entire view of its
What is Risk
300
Duties of employees should be
What is Clearly Communicated
300
A business must make their employees feel this to keep them doing what is expected
What is comfortable
300
Requires an organization to take an entire view of risk
What is COSO
400
Part of any organization's financial and business policies and procedures.
What is Internal Controls.
400
Whom is responsible for ensuring internal controls
What is Everyone
400
Within internal controls of a business there should always be this.
What is Proper Documentation.
400
This must be elliminated to help keep employees comfortable when reporting suspected problems.
What is Repercussion
400
Is responsible for ensuring internal controls are established and used within the respective departments
What is Department head
500
The assement of the activity by audit and advisory services is?
What is Monitor.
500
Internal Controls evaluate
What is Performance
500
Maintaing internal controls takes proper monitoring including
What is audits and advisory services
500
Evaluating the performance in a organization should be done at
What is All Levels
500
Setting these for all to follow helps everyone envolved to know what is expected.
What is Guidelines