Which of the following describes the internal control component monitoring of controls?
A)Monitoring of controls is designed to ensure that the business's goals are achieved.
B)Monitoring of controls is the 'tone at the top' of the business.
C)Internal auditors monitor company controls to safeguard assets, and external auditors evaluate the controls to ensure that the accounting records are accurate.
D)A company must identify its risks.

Question

Quizplus · Accepted Answer

Monitoring of controls involves internal auditors checking company controls to safeguard assets and external auditors evaluating these controls to ensure the accuracy of accounting records.

Which of the Following Describes the Internal Control Component Monitoring