Internal controls & risk management

Do you like 2 ways of communication in a lecture?

• Yes

• No

Are you willing to answer the question if I ask you?

• Yes

• No

This is my feeling now. Post an image that represent yours.

Which of these are internal controls?

• Policies

• Procedures

• Processes

• Practices

• All of the answers

Reorder the following:

Control activities

Monitoring activities

Risk assessment

Information & communication

Control environment

• 1. Control environment
  2. Risk assessment

  3. Control activities

  4. Information & communication

  5. 5. Monitoring activities

• 1. Control activities
  2. Risk assessment

  3. Control environment

  4. Information & communication

  5. 5. Monitoring activities

• 1. Control activities
  2. Monitoring activities

  3. Control environment

  4. Information & communication

  5. 5. Risk assessment

• 1. Control activities
  2. Information & communication

  3. Control environment

  4. Monitoring activities

  5. 5. Risk assessment