The control environment includes the governance and management function of an organisation. It focuses largely on the at

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The control environment includes the governance and managementfunction of an organisation. It focuses largely on theattitude, awareness and actions of those responsible for designing,implementing and monitoring internal controls. One ofthe main requirements in planning an audit is to study and evaluatethe existing internal controls so as to define the tests tobe applied to the entity being audited. Internal Control is aprocess, affected by an entity’s board of directors,managementand other personnel, designed to provide reasonable assuranceregarding the achievement of objectives in the followingcategories:Compliance with applicable laws and regulationsEffectiveness and Efficiency of operationsReliability of financial reportingYou are required to discuss the components of internal controlsthat are integrated with managements processes.