Which of the following components of internal control consists 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

Monitoring of controls is the component of internal control that involves ongoing review and assessment of controls. This includes work performed by internal auditors and can also include work performed by external auditors. Control procedures relate to the policies and procedures in place to ensure that objectives are achieved, while the control environment refers to the tone and culture set by management. Information systems refer to the technology and software used to support internal control.

Which of the Following Components of Internal Control Consists of Work