When Vanessa Lanthier reviewed the different key activities in the marketing department of a wholesaler of jewellery, she was performing an entity level review of
A) monitoring controls.
B) the control environment.
C) internal controls.
D) the risk assessment process.

Question

Quizplus · Accepted Answer

When Vanessa Lanthier reviewed the key activities in the marketing department, she was performing an evaluation of the internal controls in place for this department. Internal controls are the policies and procedures put in place by an organization to safeguard assets, ensure financial information is accurate, and promote efficiency and effectiveness. By reviewing the key activities, she was assessing whether the internal controls in place were adequate to ensure the department was operating effectively and efficiently.

When Vanessa Lanthier Reviewed the Different Key Activities in the Marketing