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Infor.mation « Communication

Information & communication relates to the identification, capture, & exchange of information
that enables individuals to carry out their responsibilities

Monitoring

Monitoring by management allows for evaluation as to whether internal control is operating as

planned

Focus on
Internal Control - Module 2 44

Control Environment

The control environment sets the tone of the organization

Factors include
Integrity and ethical values
 Commitment to competence
 Human resource policies and practices

 Assignment of authority and responsibility

Management's philosophy and operating style
 Board of directors or audit committee participation
 Organizational structure

Focus on
Internal Control - Module 2 45