Establishing a hierarchy to let all management and employees know what is going on in a company would be an example of what element of internal control?
A)Risk assessment
B)Monitoring
C)Information and communication
D)Control environment

Question

Quizplus · Accepted Answer

Information and communication is the element of internal control that pertains to establishing channels of communication that enable all management and employees to receive and send information about the control environment and other elements of internal control.

Therefore, establishing a hierarchy to communicate information about the company's operations and activities is an example of information and communication element of internal control.

Establishing a Hierarchy to Let All Management and Employees Know