Examlex
What are the two components of mindfulness.
Internal Control Environment
The overall attitude, awareness, and actions of directors, management, and personnel regarding internal controls and their importance in the organization.
Monitoring Policies
Procedures and guidelines established by an organization to systematically observe and assess the effectiveness of its policies and procedures.
Internal Control
Processes and procedures implemented by a business to safeguard its assets, ensure accurate and reliable financial reporting, promote efficiency, and ensure compliance with laws and regulations.
Assets Safeguarded
Measures or controls implemented to protect a company’s assets from theft, damage, or misuse.
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