______________________________ in an Internal Control System Means Assessment by Management

question 99

Short Answer

______________________________ in an internal control system means assessment by management to determine whether the control plans in place are continuing to function appropriately over time.

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Definitions:

Informational Reports

Documents or presentations that provide facts or data without analysis, intended to inform the reader or audience.

Periodic Activities

Actions or tasks that are performed at regular intervals, such as monthly meetings or annual audits.

Situational Events

Circumstances or occurrences that happen at a particular time and place, often influencing the outcome of scenarios.

Business Report

A document that presents analysis and information regarding business performance and objectives.