Which Element of Internal Control Deals with Establishing Procedures for Things

question 61

Multiple Choice

Which element of internal control deals with establishing procedures for things such as handling of incoming checks?

• A)Monitoring
• B)Control environment
• C)Control activities
• D)Risk assessment

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Definitions:

Statute Of Limitations

A law prescribing the maximum period within which legal action can be taken after a specified event, such as a crime or breach of contract.

Lawsuit

A legal action brought in a court by a plaintiff against a defendant, based on a complaint that the defendant failed to perform a legal duty, causing harm.

Limited Period

A specific duration of time that has definite beginning and ending points.

Standard Of Care

The level of care and service provided by healthcare professionals that is considered acceptable and appropriate by peer professional judgment.