Which of the Following Is Not a Component of Internal

question 8

Multiple Choice

Which of the following is not a component of internal control as defined by COSO?

• A)Control environment.
• B)Control activities.
• C)Inherent risk.
• D)Monitoring.

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Definitions:

Track Record

The accumulated history or performance data of an individual or entity, often indicating success or reliability over time.

New Tasks

Fresh or unaccustomed duties, activities, or challenges that are assigned or undertaken.

Continuous Record

An uninterrupted and consistently maintained documentation or log of events, transactions, or observations over time.

Past Failures

Refer to previous unsuccessful attempts or experiences that did not achieve intended results.