Which of the following elements of internal control includes maintaining records of employees documenting their compensation and promotion?
A) Risk assessment
B) Control environment
C) Monitoring
D) Control procedures

Question

Quizplus · Accepted Answer

The control environment is the foundation of the internal control system, encompassing the integrity, ethical values, and competence of the entity's people, including maintaining records related to employees' compensation and promotion. This reflects the organization's commitment to competence, which is a key aspect of the control environment.

Which of the Following Elements of Internal Control Includes Maintaining