Elements of Internal Control Structure � Identify the related intern.pdf
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Elements of Internal Control Structure Identify the related internal control element that relate to each asseveration.Segregate authorization, recording and custody of assets.Risk AssessmentInformation and Communication SystemsControl EnvironmentMonitoring ActivitiesExisting Control ActivitiesBoard of directors demonstrates independence from management and exercises oversight of internal control.Risk AssessmentInformation and Communication SystemsControl EnvironmentMonitoring ActivitiesExisting Control ActivitiesPresent properly the transactions and related disclosures in the financial statements.Risk AssessmentInformation and Communication SystemsControl EnvironmentMonitoring ActivitiesExisting Control ActivitiesIdentify and assess changes that could impact internal control.Risk AssessmentInformation and Communication SystemsControl EnvironmentMonitoring ActivitiesExisting Control ActivitiesPerformance of periodic audits by internal audit..
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• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
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