Which of the Following Describes the Internal Control Component Monitoring

question 9

Multiple Choice

Which of the following describes the internal control component monitoring of controls?

• A)Internal auditors monitor company controls to safeguard assets, and external auditors evaluate the controls to ensure that the accounting records are accurate.
• B)Monitoring of controls is the "tone at the top" of the business.
• C)Monitoring of controls is designed to ensure that the business's goals are achieved.
• D)A company must identify its risks.

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Definitions:

Coefficient Of Correlation

A numerical measure that quantifies the strength of the correlation between the relative variations of two variables.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including mutual, exchange-traded, and closed funds.

Stocks

Shares of ownership in a corporation, representing a claim on part of the company's assets and earnings.

Composed

Made up or formed by combining or putting together various parts or elements.