One of the components of internal control,monitoring,refers to the process of identifying,capturing,and exchanging information in a timely fashion to enable accomplishment of the organization's objectives.

Question

Quizplus · Accepted Answer

Monitoring in the context of internal control refers to the process of assessing the quality of the internal control system over time, including regular management and supervisory activities, to ensure that controls are working as intended and are modified as necessary for changes in conditions.

One of the Components of Internal Control,monitoring,refers to the Process