The Organization Selects,develops,and Performs Ongoing And/or Separate Evaluations to Ascertain

question 9

Essay

The organization selects,develops,and performs ongoing and/or separate evaluations to ascertain whether the components of internal control are present and functioning. Ongoing evaluation are procedures built into the normal recurring activities of an entity.Separate evaluations are conducted periodically,typically by objective management personnel,internal auditors,or external consultants. 2.The organization evaluates and communicates internal control deficiencies in a timely manner to those parties responsible for taking corrective action,including senior management and the board of directors,as appropriate.

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Definitions:

Universal Forms

Standardized templates or documents that are widely accepted and used across various contexts or industries.

Appropriateness

The degree to which communication actions are suitable for a particular context or environment.

Consistency

The quality of always behaving or performing in a similar way, or producing the same results, thereby allowing for reliability or dependability.

Cognitive Dissonance

A psychological phenomenon where a person experiences discomfort or distress from holding two or more conflicting beliefs, values, or attitudes.