Which of the Following Components of Internal Control Consist of Internal

question 65

Multiple Choice

Which of the following components of internal control consist of internal and external auditors?

• A)monitoring of controls
• B)information systems
• C)control procedures
• D)control environment

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Definitions:

Vary

To change or alter in form, appearance, or nature, often with the implication of slight differences.

Federal Minimum Wage Requirements

The lowest legal hourly wage that employers can pay their workers as mandated by federal law.

Congress

The legislative branch of the United States federal government, composed of the House of Representatives and the Senate.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.