Which of the following is not a component of internal controls?
A)Control environment.
B)Control activities.
C)Inherent risk.
D)Monitoring.

Question

Quizplus · Accepted Answer

Inherent risk is not a component of internal controls. Inherent risk refers to the level of risk that exists before any steps are taken to control it. The other three options, control environment, control activities, and monitoring, are all components of internal controls.

Which of the Following Is Not a Component of Internal