Internal Control Includes the Following Components

question 28

Multiple Choice

Internal control includes the following components:

• A)Control activities and inherent risks.
• B)Information systems and external influences.
• C)The control environment and risk assessment processes.
• D)Financial reporting and control activities.

---

Definitions:

Analogy Reversal

The process of flipping an analogy to illustrate a point or to create a counterargument.

Opponent

A person or group competing against another in a contest, fight, game, or debate.

Burden Of Proof

The obligation to present evidence to support one's claim or argument in a debate or legal case.

Inductive Components

Components involved in inductive reasoning, where generalizations are made from specific observations.