When a firm uses internal auditors, it is adhering to which of the following internal control elements?
A) Risk assessment
B) Control procedures
C) Monitoring
D) Information and communication

Question

Quizplus · Accepted Answer

When a firm uses internal auditors, it is adhering to the monitoring element of internal control. Monitoring involves assessing the quality of a firm's internal control processes over time, including the operation of the controls themselves. Internal auditors play a key role in this process by regularly evaluating the effectiveness of internal controls and recommending improvements.

When a Firm Uses Internal Auditors, It Is Adhering to Which