Risk and Procedures for Control Paper 18

1

Which of the following components of internal control would encompass the routine controls over business processes and transactions?






2

Which of the following is not a component in the COSO framework for internal control?






3

Management of Johnson Company is considering implementing technology to improve the monitoring component of internal control. Which of the following best describes how technology may be effective at improving monitoring?






4

Which of the following is not a limitation of internal control?






5

Which of the following is not required to be included in managementís report on internal control required under Section 404 of the Sarbanes-Oxley Act?






6

Which of the following would generally be entitled to a reward for whistle-blowing under the Dodd-Frank Act?






7

According to COSO, which of the following components of enterprise risk management addresses an entityís integrity and ethical values?






8

Jarrett Corporation is considering establishing an enterprise risk management system. Which of the following is not a benefit of enterprise risk management?






9

In the COSO enterprise risk management framework, the term risk tolerance refers to






10

Management of Warren Company has decided to respond to a particular risk by hedging the risk with futures contracts. This is an example of risk






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