The Five Major Components of an Organization's Internal Control Are

question 66

True/False

The five major components of an organization's internal control are: the control environment,risk assessment,control activities,information and communication,and monitoring.

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Definitions:

Motor Vehicles

Vehicles that are self-propelled and used for transportation on roads.

Telephone Solicitations

The practice of contacting individuals via telephone to offer goods, services, or solicit donations.

Federal Trade Commission

A U.S. federal agency responsible for consumer protection and the prevention of anti-competitive business practices.

Funeral Services

Professional services offered by funeral directors and related businesses, including preparing the deceased and planning and conducting the funeral.