ACCT341 Ch. 9, HomworkListed below are controls that have been developed by a company. For each cont

ACCT341 Ch. 9, HomworkListed below are controls that have been developed by a company. For each control, identify theinternal control component to which it relates. More than one answer may apply.A.B.C.D.E.Control EnvironmentRisk AssessmentThe Accounting Information System & Communication SystemControl ActivitiesMonitoringComponent (letter)Control1. Mandatory vacations are required as part of HR policy2. A company-wide code of ethics is established3. Background, references and education of prospectiveemployees are evaluated by HR policy4. An anonymous employee hotline is established for tips onfraud or impropriety within the company5. A new computer system is installed6. An annual audit is completed by an external CPA7. Budgets variances are investigated monthly8. Entry into the accounting vault is restricted to certainemployees only9. An organization chart is evaluated and updated periodically10. Management has decided that the top officers get a 10%bonus based on net profits11. Company security makes rounds all night long12. The finance department signs the checks while theaccounting department records the checks.13. The accounting manual is updated to clearly define policiesfor retention of records14. All receipts come from the printer pre-numbered15. By HR policy, the cashier is required to be bonded throughan insurance company