There are five components of internal control. Match the following examples to the correct internal control component.
Definitions:
Target-date
A mutual fund or retirement portfolio that automatically shifts towards more conservative investments as the target date (usually retirement) approaches.
Retirement Funds
Retirement funds are financial plans that allow individuals to save money for their retirement years, typically consisting of a mix of stocks, bonds, and other assets.
Investment Policy Statement
A document drafted between a portfolio manager and a client that outlines general rules for the manager, including the client's objectives, risk tolerance, time horizon, and liquidity needs.
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