Which Three of the Following Are True of Monitoring

question 116

Multiple Choice

Which three of the following are true of monitoring?

• A)Much of the information used in monitoring is produced by the entity's information systems.
• B)Ongoing monitoring procedures are built into the normal recurring activities of the entity.
• C)One of the most common monitoring activities is the internal audit function.
• D)Monitoring excludes information obtained from communications with external parties.

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Definitions:

Procedures

Established or official ways of doing something, typically involving a series of actions or steps to be followed in a consistent order.

Potential

An individual's or entity's inherent ability or capacity to develop, grow, and achieve success in the future.

Prosperous Economy

Characterizes an economic state with significant growth, wealth, and good living conditions for its populace.

Hierarchical Control

A method of management where decision-making authority is distributed on a graded scale from top-level management down to lower levels.