Which of the following is a major component of an organization's internal control structure?
A)Major new financing.
B)The financial environment.
C)Risk assessment.
D)Telecommunication equipment.

Question

Quizplus · Accepted Answer

Risk assessment is a major component of an organization's internal control structure as it involves identifying potential risks and implementing controls to mitigate those risks. The other options, such as major new financing and telecommunication equipment, are not necessarily key components of an organization's internal control structure. The financial environment may influence the internal control structure, but it is not a component of it.

Which of the Following Is a Major Component of an Organization's