The Practice of Monitoring Activities Within the Internal Control System

question 43

Multiple Choice

The practice of monitoring activities within the internal control system is likely to be carried out by each of the following groups except:

• A) the board of directors.
• B) internal auditors.
• C) supervisors.
• D) managers.

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Definitions:

Acquitted

A legal judgment that a person charged with a crime is not guilty of the charged offense.

Corporate Criminal Liability

The legal principle holding companies and their executives criminally accountable for their actions.

Mens Rea

The mental state of intent to commit a crime, a key element required to establish guilt in criminal proceedings.

Respondeat Superior

A legal doctrine making an employer (or master) liable for the torts of an employee (servant) that are committed within the scope of the employee’s employment.