List the Five Components of Internal Control

question 202

Essay

List the five components of internal control.

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Definitions:

Sexist

Prejudiced beliefs or discrimination based on a person's sex or gender, often manifesting in practices that disadvantage women.

Dismissal

The act of terminating an employee's contract or employment, often due to underperformance or disciplinary issues.

Unionized Organization

A workplace where a labor union represents the interests of the employees in negotiations with management.

Reinstatement

The act of restoring someone or something to a previous position or status, often used in employment contexts when a job is returned to a previously terminated employee.