Description term
a. policies and procedures put in place by management to address the risks identified during the risk assessment process.
b. a process, involving both ongoing activities and separate evaluations, that enables an organization to evaluate the effectiveness of its system of internal control over time.
c. the foundation for all the other elements of internal control, setting the overall tone for the organization.
d. the process of capturing and communicating operational, financial, and compliance-related information.
e. identifying, analyzing, and managing those risks that pose a threat to the achievement of the organization’s objectives.