a process of using resources effectively to

management
achieve target
obtain of understainding of designing and
implementing a part of the management process
internal control
assess CR Relationship among impact on elements of that process

test of control Process a continous process => occurs in parallel w

management activities
decide planned DR and substantive
procedures internal auditing importamt function of management

report on internal control help managers to achieve their goals in

management and operation

sự hiểu biế t, thái độ, nhận thức và hành

động của các thành viên hội đồ ng quản trị the understanding, attitude, awareness and actions of members of the cost of control not outweighing their
và giám đố c về ICS và tầm quan trọng của the boards of management and directors regarding the ICS and its benefits
nó trong đơn vị importance in the entity
the potential for human error
communication and enforcement of integrity and ethical values

the control environment Inherent limitation collusion between employess

commitment to completence
the possibility of controls being bypassed or
participation by those charged w governance overridden by management

management's philosophy and operating style
organizational structure
subcomponent Internal control controls being designed to cope w routine
Các biện pháp kiểm soát đc thiế t kế để xử lí
các giao dịch thường xuyên chứ k phải các
and not non routine transactions gdich k thường xuyên

assignmentg of authority and responsibility

achiveving inf objectives prepation of f.s reliability of f.reporting
human resource policies and practices

identify business risk relevant to f.reporting Management responsible building and exercising resources and
objectives activities based on control requirements and
achiving operational procedures
and compliant
estimating the significance of the risk 4 steps risk assessment objectives
however, considering both the costs and
benefits of the controls
assessing the likelihood of their occurrence

deciding on actions to address those risk

the process designed, implemented, and
are established to achive the entity's specific policies and procedures in addition to the maintained by those charge w governance,
objectives control environment Components management and other personal

Def reliability of f.reporting

authorization
control activities to provide reasonable assurance about the
performance review achivement of the entity's objectives w efficiency/effectiveness of operations
regard
inf processing specific compliance w applicable laws and regulations

physical controls

segregation of duties

relevant to f.reporting

a component of IC => includes a f.reporting system information and communication

initiate, record, process and report entity transactions (as well as events and conditions)
procedures and records established to
maintain accountability for the related A, L, E

a process to assess the effectiveness of IC performance over time

monitoring of controls
assessing the design and operation of controls on a timely basis
include
taking necessary corrective actions modified for changes in conditions