A "'Type I "'service auditor s report includes the service auditor's opinion on the fairness of the presentation of the service organization's description of controls that had been placed in operation and the suitability of the design of the controls to achieve the specified control objectives.
42.
Discussing the potential for a ban on nuclear weapons testing, he said : " This has been probably the central nuclear-arms control objective since the late 1950s, and now we have all the nuclear-weapon states _ and of course everyone else _ committed to achieving this by 1996 ."
43.
An example of an " entity-level " control objective is : " Employees are aware of the Company's Code of Conduct . " The COSO 1992 / 1994 Framework defines each of the five components of internal control ( i . e ., Control Environment, Risk Assessment, Information & Communication, Monitoring, and Control Activities ).
44.
For example, a validity control objective might be : " Payments are made only for authorized products and services received . " A typical control procedure would be : " The payable system compares the purchase order, receiving record, and vendor invoice prior to authorizing payment . " Management is responsible for implementing appropriate controls that apply to all transactions in their areas of responsibility.
45.
"' Section 22 "', as referred to in shorthand, is a provision of permanent United States agricultural law ( Agricultural Adjustment Act Amendment of 1935, P . L . 74-320 ) that allows the President to impose import fees or import quotas to prevent imports from non-WTO member countries from undermining the price support and supply control objectives of domestic farm programs.
