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1. 1. COSO identi- b. internal control policies
fied five interre-
lated components
of internal control.
Which of the follow-
ing
is not one of those
five?
a. risk assessment
b. internal control
policies
c. monitoring
d. information and
communication
Romney, Marshall;
Steinbart, Paul J.
(2014-01-09). Ac-
counting Informa-
tion Systems, 13/e
(Page 214). Prentice
Hall. Kindle Edition.
2. 2. In the ERM mod- a. responsibility objectives
el, COSO specified
four types of objec-
tives that manage-
ment must meet
to achieve company
goals. Which of the
following is not one
of those types?
, AIS Chapter 7: Control and Accounting Information Systems
Study online at https://quizlet.com/_j5mu1t
a. responsibility ob-
jectives
b. strategic objec-
tives
c. compliance objec-
tives
d. reporting objec-
tives
e. operations objec-
tives
Romney, Marshall;
Steinbart, Paul J.
(2014-01-09). Ac-
counting Informa-
tion Systems, 13/e
(Page 214). Prentice
Hall. Kindle Edition.
3. 3. Which of the fol- b. COSO's internal control integrated framework has been widely accepted as
lowing statements is the authority on internal controls.
true?
a. COSO's enter-
prise risk manage-
ment framework is
narrow in scope and
is limited to
financial controls.
b. COSO's internal
control integrated
framework has been
widely accepted as
, AIS Chapter 7: Control and Accounting Information Systems
Study online at https://quizlet.com/_j5mu1t
the authority on in-
ternal controls.
c. The Foreign Cor-
rupt Practices Act
had no impact on
internal accounting
control systems.
d. It is easier to add
controls to an al-
ready designed sys-
tem than to include
them during
the initial design
stage.
Romney, Marshall;
Steinbart, Paul J.
(2014-01-09). Ac-
counting Informa-
tion Systems, 13/e
(Page 215). Prentice
Hall. Kindle Edition.
4. 4. All other things d. Preventive controls are superior to detective controls.
being equal, which
of the following is
true?
a. Detective controls
are superior to pre-
ventive controls.
b. Corrective con-
trols are superior to