Components of Internal Control Integrity and ethical values Commitment to Competence Board of Directors of Audit Committee Participation Managements Philosophy and operating Style Organizational Structure Assignment of Authority and responsibility Human resources policies and practices Arens, Loebbecke; Auditing, 8/EArens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. Components of Internal Control Organizational Structure Commitment to Competence Board of Directors of Audit Committee Participation Management’s Philosophy and Operating Style Integrity and Ethical Values Assignment of Authority and Responsibility Human Resources Policies and Practices