4.
A. Entity level controls cover a wide variety of processes depending on how precise the controls need to be. Some examples of entity-level controls include: * Controls related to the control environment * Risk assessment, control activities, information and communication, monitoring * Controls over management override * The company's risk assessment process * Centralized processing and controls * Controls to monitor results of operations * Controls to monitor other controls * includes activities of the internal audit function, the audit committee, and self-assessment programs * Controls over the period-end financial reporting process * Policies that address significant business control and risk management practices
B. The period-end financial reporting process is particularly important because of its end-user intent. The process involves: * Methods used to enter transaction totals into the general ledger * Methods related to the selection and application of accounting policies * Methods used to initiate, authorize, record, and process journal entries in the general ledger * Methods used to record recurring and nonrecurring adjustments to the annual and quarterly financial statements * Methods for preparing annual and quarterly financial statements and related disclosures.

3 Region Net Income US Northeast | $11,541 | US Southeast | $57,704 | US Central | $39,791 | US Southwest | $60,853 | US Northwest | $42,318 | Mexico | $18,712 | Europe | $153,877 |

The bolded regions represent the amounts over the ten percent threshold of net income. We chose ten percent because that is the threshold for determining significant accounts. The accounts over ten percent should be further investigated in terms of their internal controls to make sure there are no material