Which of the following is not a major components of an organization's internal controls?
A)Risk assessment.
B)Control environment.
C)Control activities.
D)Control risk.

Question

Quizplus · Accepted Answer

Control risk is not a major component of an organization's internal controls. The three main components of internal control are the control environment, risk assessment, and control activities. Control risk is a concept used in auditing to refer to the risk that the internal controls put in place by management to mitigate risk are not effective.

Which of the Following Is Not a Major Components of an Organization's