Entity-Wide and Transaction Controls
Distinguish between entity-wide controls and transaction controls. Provide at least three examples of each type.
Entity-wide controls operate across an entity and affect multiple processes,
transactions, accounts, and assertions. Some examples of entity-wide controls include:
Controls related to the control environment
Controls over management override
The organization’s risk assessment process
Centralized processing and controls
Controls to monitor results of operations
Controls to monitor other controls
Controls over the period-end financial reporting process
Policies that address significant business control and risk management practices

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The Answer of Entity-Wide and Transaction Controls
Distinguish between entity-wide controls and transaction controls. Provide at least three examples of each type.
Entity-wide controls operate across an entity and affect multiple processes,
transactions, accounts, and assertions. Some examples of entity-wide controls include:
Controls related to the control environment
Controls over management override
The organization’s risk assessment process
Centralized processing and controls
Controls to monitor results of operations
Controls to monitor other controls
Controls over the period-end financial reporting process
Policies that address significant business control and risk management practices