Select from the option list provided the correct internal control component to which each statement below relates. Each choice may be used once, more than once, or not at all.
CHOICES ARE:
1). In the current year, an entity began operations in a foreign country.
2). Management of an entity’s various operations is accomplished through the daily interaction between supervisors and line personnel.
3). An entity uses daily and weekly sales revenues as performance indicators.
4). An airplane manufacturer uses a job-order costing system.
5). An entity annually provides to external parties its written policies regarding acceptable ethical behavior.
6). A manager’s bonus is dependent on a high rate of growth in revenues.
7). An entity is committed to hiring individuals who display evidence of integrity and ethical behavior.
8). Due to a lengthy recession, an entity undertakes a corporate restructuring.
9). An entity maintains a manual that describes the roles and responsibilities of each employee.
10). Routine operations are reviewed on a weekly basis by supervisors.
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