The five components of internal control are: 1)Control enviornment - refers towards internal control , control consciousness maintained and establishe by the management and employees of organisation .It is product of management style and supportive attitude , then philosphy , competence , ethical values , integrity and morale of the organisations people. 2)Communication -is exchange of information among and between people and organisation to support decisions and coordinate activities. Inside communication is between management and other employees whereas in case of outside it refers to customers, suppliers and regulators. 3) Assessing and managing risk - Risks are threats and impact acheiving of objectives . So risk assessment is identifying , evaluating and determining how to manage these events. Risks can be internal and external. Cases where threats cannot be controlled management should either accept or reduce it to acceptable levles. 4) control activities- These are tools that help or prevent the risks management should establish control activities to effectively and efficiently accomplish the organisations objeactives and mission. 5) Monitoring - reviewing of orgainsation activities and transactions to assess the quality of performance over time and to determine whether controls are effective. Solution The five components of internal control are: 1)Control enviornment - refers towards internal control , control consciousness maintained and establishe by the management and employees of organisation .It is product of management style and supportive attitude , then philosphy , competence , ethical values , integrity and morale of the organisations people. 2)Communication -is exchange of information among and between people and organisation to support decisions and coordinate activities. Inside communication is between management and other employees whereas in case of outside it refers to customers, suppliers and regulators. 3) Assessing and managing risk - Risks are threats and impact acheiving of objectives . So risk assessment is identifying , evaluating and determining how to manage these events. Risks can be internal and external. Cases where threats cannot be controlled management should either accept or reduce it to acceptable levles. 4) control activities- These are tools that help or prevent the risks management should establish control activities to effectively and efficiently accomplish the organisations objeactives and mission. 5) Monitoring - reviewing of orgainsation activities and transactions to assess the quality of performance over time and to determine whether controls are effective..