Which of the Following Is Not a Component of Internal

question 72

Multiple Choice

Which of the following is not a component of internal control?

• A)assigning to one individual the responsibility for accounting for and custody of assets
• B)monitoring of controls via internal and external auditors
• C)risk assessment to identify risk areas
• D)effective control environment where importance of internal control is emphasized

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Definitions:

Sensory Register

The initial stage of memory, where sensory information is stored for a very short period of time before either being discarded or processed further.

Short-term Memory

The capacity for holding a small amount of information in an active, readily available state for a short period of time.

Chunk

A unit of information grouped together for easier processing and recall, often used in memory and learning strategies.

Recognition

The identification of something as having been previously seen, heard, known, or experienced.