Internal Control
116 resources created by 96 users
This Internal Control page on GoConqr gathers community-made quizzes, mind maps, flashcards and notes, from COSO components and the control environment to accounting information systems, fraud and cash controls. It's built for university students and professional candidates practising audit questions and key terms, and for teachers after ready-made material. There are over 110 resources here, including more than 20 quizzes, more than 40 mind maps and over 30 flashcard decks. Open a quiz to find your gaps, then look at the maps.
Top Internal Control resources
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50 questionsAudit Test 2 Directors, management, external auditors, and internal auditors all play important roles in creating proper...
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Flowchart COSO COSO Flowchart -
Mind map COSO (Comm.of Sponsoring Org. of the Treadway Commission) QIA : Qualified Internal Auditing by IQN
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14 cardsCOSO chapter 5 and Ramos What is control environment?
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26 questionsCIA Part 2 - SU 8.2 An advantage of using systems flowcharts to document information about internal control instead of using in...
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30 questionsSU 7.3 Which of the following types of control plans is particular to a specific process or subsystem, rather than...
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68 questionsopinion Which of the following items does not pertain to the control environment?
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67 questionsB1 Question According to the Committee of Sponsoring Organizations (COSO) of the Treadway Commission, which of the foll...
Quizzes
See all 24 quizzes-
50 questionsAudit Test 2 Directors, management, external auditors, and internal auditors all play important roles in creating proper...
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26 questionsCIA Part 2 - SU 8.2 An advantage of using systems flowcharts to document information about internal control instead of using in...
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30 questionsSU 7.3 Which of the following types of control plans is particular to a specific process or subsystem, rather than...
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68 questionsopinion Which of the following items does not pertain to the control environment?
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67 questionsB1 Question According to the Committee of Sponsoring Organizations (COSO) of the Treadway Commission, which of the foll...
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54 questionsCH 7-8 F.A Fraud triangle: Pressure
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53 questionsChapter 7 Test All companies must follow the guidelines of AS5.
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50 questionsAccounting Exam 2 The type of fraud committed by employees of an entity, who steal money from the company and cover it up thr...
Mind maps
See all 48 mind mapsFlashcards
See all 36 flashcards-
14 cardsCOSO chapter 5 and Ramos What is control environment?
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57 cardsInternal Controls what is the difference between financial and management accounting
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24 cardsInternal Control Weaknesses Lack of segregation of duties
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21 cardsCOSO Chapter 1-4 What is the purpose of COSO framework?
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23 cardsChapter 5 Documenting and evaluating internal control What is normative and analytical documentation?
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31 cardsAudit 2 test 1 Three broad objectives of internal Controls
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26 cardsChapter 11 Vocab
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26 cardsChapter 11 Keywords
Flowcharts
Notes
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Untitled INTERNAL CONTROLS Sales Purchases Wages Cash SalesOrdering- New customers, credit application form, submitted to credit rating agency, generate a customer number and sale order is placed.- Existing customers, credit l...
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accountability in the accounting proofession - created from Mind Map vocabulary paper work and other accounting controls are necessary important accounting controls
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Purpose and objectives Define internal control within the context of the COSO Internal Control framework, including the purpose, objectives and limitations of the framework. What is Internal Control Mechanisms
Slides
Topics in Internal Control
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About Internal Control
GoConqr OriginalWhat this page covers
The unit sits in the Auditing and Assurance strand of Accounting and auditing. Much of it centres on COSO. The mind map on COSO (Comm.of Sponsoring Org. of the Treadway Commission) explains the five private sector bodies behind the framework and its aim of combating corporate fraud. The COSO flowchart lays out the components with a memory aid, and a COSO 2013 mind map is also listed.
Where to start
Begin with the big picture, then move to detail.
- Read the COSO mind map and the flowchart to see the components side by side.
- Go through the flashcards on COSO chapter 5 and Ramos, which ask what the control environment is, what its principles are and what tone at the top means.
- Move to Evaluation of the control environment, which covers the nature of internal control, methods, risk maturity and evaluating controls.
Beyond the framework
Several resources look at information systems. Control and Accounting Information Systems maps threats such as natural disasters, software errors and deliberate actions. The flashcards on processing integrity and availability controls cover files, storage and disaster recovery plans. Other maps and decks deal with fraud, cash controls and internal control weaknesses, plus a few that discuss research papers.
Using quizzes and maps together
Try a quiz cold first. Audit Test 2 asks who is responsible for control processes, and the quiz that starts with COSO monitoring steps tests a narrower point. For CIA candidates, there is a quiz labelled CIA Part 2 - SU 8.2. Note the questions you miss, then go back to the matching mind map and read that branch again. Finish by retaking the quiz.
Make it your own
Teachers can set a quiz or a map as a ready-made starter. If something is missing, you can build your own flashcards or maps from the ideas you found hardest.
Frequently asked questions
Which resource should I open first?
Start with the COSO mind map, which sets out the framework and who created it. Then look at the COSO flowchart for the components in one view. After that, the flashcards on the control environment make a good next step before you try a quiz.
What do the mind maps cover?
They cover COSO and COSO 2013, the evaluation of the control environment, the elements and components of internal control, accounting information systems, fraud, cash controls and the internal audit function. Some are short outlines, while others break topics into many branches.
Are the resources free to use?
Yes. Every resource listed here is free to open, study and take, with no account needed. They were made by GoConqr users, not by GoConqr itself, so styles and depth vary from one resource to another.
Which exams or levels do these suit?
Most of the material suits university students, with a smaller share for professional candidates. One listed quiz is labelled CIA Part 2 - SU 8.2, and CIA is the only exam the listed resources mention. Teachers can use any of them as ready-made practice.
Is there anything on IT and systems controls?
Yes. Look for the mind map ITGC&ITAC, the flashcards on COSO IT and monitoring activities, and the deck on IT governance and general controls. They sit alongside the resources on accounting information systems and processing integrity.
What if I can't find my topic?
Check the related maps and flashcard decks first, since chapter-named decks often cover the same ideas under different titles. If your topic is still missing, a free account lets you make your own quizzes, mind maps, flashcards and notes.