Which of the Following Describes the Internal Control Component Monitoring

question 9

Multiple Choice

Which of the following describes the internal control component monitoring of controls?

• A)Internal auditors monitor company controls to safeguard assets, and external auditors evaluate the controls to ensure that the accounting records are accurate.
• B)Monitoring of controls is the "tone at the top" of the business.
• C)Monitoring of controls is designed to ensure that the business's goals are achieved.
• D)A company must identify its risks.

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Definitions:

Budget Set

The collection of all possible consumption bundles that an individual can afford with their income at current prices.

Line Segments

Part of a line that is bounded by two distinct end points, and contains every point on the line between its endpoints.

Original Bundle

The combination of goods and services initially allocated or owned by a consumer before any trades are made.

Price Of X

The specific cost or amount of money required to purchase a good or service denoted as "X".