Which of the following components of internal control consist of work performed by internal and external auditors?
A) monitoring of controls
B) information systems
C) control procedures
D) control environment

Question

Quizplus · Accepted Answer

The monitoring of controls component of internal control includes activities such as internal and external audits, management reviews, and ongoing monitoring. Therefore, the work performed by internal and external auditors falls under this component. Information systems refer to the hardware, software, and procedures used in the organization's information processing and reporting. Control procedures refer to the specific policies and procedures put in place to achieve control objectives, while the control environment represents the overall tone and culture of the organization towards control.

Which of the Following Components of Internal Control Consist of Work