Monitoring,the Fifth Component of Internal Control,involves

question 6

Multiple Choice

Monitoring,the fifth component of internal control,involves

• A) assessing the quality of internal controls over time and taking corrective actions if necessary.
• B) studying the methods used and records established to identify, assemble, analyze, classify, record, and report the organization's transactions.
• C) maintaining accountability for the financial structure (i.e., assets and liabilities) of the organization.
• D) assessing and managing the risks that affect the organization's objectives.

---

Definitions:

Older Adults

Individuals typically aged 65 years and older, often focusing on aspects of aging and associated health considerations.

Osteoporosis

Osteoporosis is a bone disease characterized by decreased bone mass and density, leading to an increased risk of fractures.

Stress Fractures

Small cracks in a bone caused by repetitive force or stress, often occurring in athletes or soldiers.