Failing Power Steering Pump: If the power steering pump begins to fail you may notice some squealing when turning the wheel. When seals and other parts of the power steering pump begin to wear down, the pump cannot maintain a consistent level of fluid pressure.
Return to CHAPTER 20. Control activities are the policies, procedures, techniques, and mechanisms that help ensure that management's response to reduce risks identified during the risk assessment process is carried out. In other words, control activities are actions taken to minimize risk.
Activity level controls relate to a particular class of transactions, account balances or financial statement disclosures. Controls in each of these activities will affect a more limited portion of the financial statements and will directly affect the nature and timing of other auditing procedures for that activity.