_____, which constitute one of the most important elements of internal control, include separating responsibilities for related operations.
A) Control procedures
B) Risk assessment activities
C) Risk monitoring procedures
D) Information and communication activities

Question

Quizplus · Accepted Answer

Control procedures are the operational activities that are put in place to help mitigate risks and ensure that internal controls are followed. Separating responsibilities for related operations is an important control procedure that helps ensure that no one person has too much control over a process, and that there are checks and balances in place. This can help prevent errors, fraud, and other types of financial mismanagement. Risk assessment activities, risk monitoring procedures, and information and communication activities are all important parts of internal control, but they are not specifically related to separating responsibilities for related operations.

_____, Which Constitute One of the Most Important Elements of Internal