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Required: The audit team's overarching objective when auditing the system of internal control over financial...

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Accounting

Required:
The audit team's overarching objective when auditing the system of internal control over financial reporting is to express an opinion on
the system's effectiveness. To achieve this goal, the COSO framework defines five interrelated components of a well-functioning
internal control system. They are
Control environment.
Risk assessment.
Control activities.
Monitoring.
Information and communication.
For each of the controls identified below for Taft Energy, please select the most appropriate component from the COSO framework:
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