An organization might decide that the risk of fire is high so it will pay a high premium on its fire insurance policy to transfer the risk as much as possible. However, the organization will still have to pay deductible amount on the policy if a fire occurs. This scenario depicts:
Which of the following is not a characteristic of a control environment?
Factor/s that influences/influence the state of an organization’s control environment is/are:
___________ help bring performance back into compliance, or address problems that have been identified such as employee grievance system, employee performance approvals, or an administrative appeals process.
Internal auditing controls (e.g. segregation of duties, monitoring, reconciliation), management controls (e.g. the plan, methods and procedures adopted by management to ensure its goals are met, including systems for measuring reporting and monitoring program performance), physical controls (e.g. security), andInformation technology control (e.g. access security controls ,data center operation controls). All these are examples of:
___________ result from a failure to follow the logic of a series of statements.
