A good system of internal control does not require monitoring.

Name: A good system of internal control does not require monitoring.
Brand: Quizplus
Rating: 4.7 (32 reviews)

Question

Quizplus · Accepted Answer

Monitoring is a crucial component of a system of internal control. It helps to ensure that the controls are functioning effectively and identifies any weaknesses or areas for improvement. Regular monitoring also helps to detect and prevent fraud, errors or other compliance issues. Therefore, a good system of internal control requires ongoing monitoring.

A Good System of Internal Control Does Not Require Monitoring