Page 6 - PowerPoint Presentation

GENERAL PRINCILES OF AUDITING

Components of Internal Control

Internal Controls are made up of the following 5

components;

• Control Environment (ISA 315 para 14 and para A70)

• Risk Assessment (ISA 315 para 15 and para A79)

• Information Systems (ISA 315 para 18 and para A81 and

para A81)

• Control Activities (ISA 315 par 20 and par A88)

• Monitoring of controls (ISA 315 par 21 and par A98)

6

CharterQuest