The company has very good internal control, which addresses and is based on the generally accepted components of internal control, namely:

* the control environment

* the risk assessment process

* the information system - relevant to financial reporting

* control activities

* monitoring of controls

The following piece of information relates to the revenue and receipts cycle:

Over the years the company has developed a reputation for ethical and honest business practice. Any employee, who doesn’t comply with the company’s ethical code, is dismissed.

Identify the component of internal control to which the above information relates: