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A Critical Element of Control Is Monitoring

question 26

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A critical element of control is monitoring. What is likely to happen if management fails to monitor an internal control?


Definitions:

Compensate

To make up for something unwelcome or undesirable by exerting an opposite force or effect.

Social Learner

An individual who prefers learning through interaction with others in social settings.

VARK Inventory

An assessment tool that identifies individual learning preferences among four categories: Visual, Aural, Read/Write, and Kinesthetic.

Learning Styles

The preferred methods or approaches by which individuals learn best, varying from visual, auditory, to kinesthetic.

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