Match the Following Elements of Internal Control

question 66

Multiple Choice

Match the following elements of internal control:
-Monitoring

• A)Provides reasonable assurance that business goals will be achieved
• B)Used by management for guiding operations and ensuring compliance with requirements
• C)Overall attitude of management and employees
• D)Used to locate weaknesses and improve controls
• E)Identify, analyze, and assess likeliness of vulnerabilities

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Definitions:

Aggregated

Combined from several measurements, data points, or individuals to form a total or summary.

Transfer

The act of moving or shifting something from one place, person, or system to another.

Signatures

Written or digital marks that represent the consent or approval of individuals on documents such as contracts or agreements.

.docx

It's a file extension for Microsoft Word documents created in versions after 2007, featuring advanced formatting and structure.