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N76 [4]
3 years ago
14

1. ______control environment risk assessment control procedures monitoring information and communication.2. ______provides reaso

nable assurance that business goals will be achieved.3. ______identify, analyze and assess likeliness of vulnerabilities.4. ______used by management for guiding operations and ensuring compliance with requirements.5. ______used to locate weaknesses and improve controls.6. ______overall attitude of management and employees.
Business
1 answer:
Yuki888 [10]3 years ago
4 0

Answer:

  1. Five internal controls
  2. Control procedures.
  3. Risk Assestment.
  4. Information and communication.
  5. Monitoring.
  6. Control environment.

Explanation:

1. <u>Five internal</u> control environment risk assessment control procedures monitoring information and communication.2. <u>Control procedures</u> provides reasonable assurance that business goals will be achieved.3. <u>Risk assessment</u> identify, analyze and assess likeliness of vulnerabilities.4. <u>Information and communication</u> used by management for guiding operations and ensuring compliance with requirements.5. <u>Monitoring</u> used to locate weaknesses and improve controls.6. <u>Control environment</u> overall attitude of management and employees

There are five internal control management that help in controling and managing overall work environment.

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Explanation:

According to the scenario, the given data are as follows:

Present value = $10,000

Rate of interest  = 11%

Rate of interest (r) ( compounded monthly) = 11% ÷ 12 = 0.00916

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By putting the value, we get,

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