Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
1-
Control activities are the policies and procedures that help ensure management ......... are carried out.
A -
directives
B -
intentions
C -
invectives
D -
pretensions
2-
Control activities occur throughout the organization, at all levels and in all functions, and include a range of activities as ......... as approvals, authorizations, verifications, reconciliations, reviews of operating performance, security of assets and segregation of duties.
A -
diffuse
B -
diluted
C -
dispersed
D -
diverse
3-
......... information must be identified, captured and communicated in a form and time frame that enable people to carry out their responsibilities.
A -
Particular
B -
Passing
C -
Pertinent
D -
Proscribed
4-
Information systems produce reports containing operational, financial and compliance-......... information that make it possible to run and control the business.
A -
connected
B -
determined
C -
directed
D -
related
5-
They deal not only with internally generated data, but also information about external events, activities and conditions necessary to ......... business decision-making and external reporting.
A -
formal
B -
informational
C -
informative
D -
informed
6-
Internal control systems need to be monitored — a process that assesses the quality of the system's performance ......... time.
A -
for
B -
in
C -
over
D -
with
7-
Internal control deficiencies should be reported ........., with serious matters reported to top management and the board.
A -
aboveboard
B -
overhead
C -
upstairs
D -
upstream
8-
There is synergy and linkage among these components, forming an integrated system that reacts dynamically to changing conditions; the internal control system is ......... with the entity's operating activities.
A -
enmeshed
B -
entangled
C -
incised
D -
intertwined
9-
Internal control is most effective when controls are built into the entity's infrastructure and are a part of the ......... of the enterprise.
A -
ambience
B -
core
C -
essence
D -
spirit
10-
In sum, internal control can help an entity get to where it wants to go, and avoid ......... and surprises along the way.