Name: ________________________________________

Section: _______________________________________

General: Internal Controls Assessment

Choose among the choices which suits best for the question.

1. Which of the following are NOT an objective of internal control system?

a) To safeguard assets of the firm.
b) To ensure the accuracy and reliability of accounting records and information.
c) To promote inefficiency in the firm’s operations.
d) To measure compliance with management’s prescribed policies and procedures.
2. This level of control are passive techniques designed to reduce the frequency of occurrence of undesirable events?
a. Corrective Control
b. Preventive Control
c. Detective Control
d. Access Control
3-7. What are the five internal control components per SAS78/COSO ?

8. What type of Application control is provided in below scenario:

a. Edit Checks
b. Validations
c. Calculations
d. Interfaces
e. Authorizations
9-14. What are six types of physical internal controls?
15. What type of Application control is provided in below scenario: