Which one of the following is not an element of the internal control process?
A) Control environment
B) Risk assessment
C) Risk response
D) Monitoring

Question

Quizplus · Accepted Answer

Risk response is not an element of internal control. The correct element is risk mitigation, which involves choosing and implementing control activities to reduce the risk to an acceptable level. The other elements are control environment, risk assessment, and monitoring, which are essential components of a robust internal control system.

Which One of the Following Is Not an Element of the Internal