Which of the Following Describes the Internal Control Component Risk

question 146

Multiple Choice

Which of the following describes the internal control component risk assessment?

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

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Definitions:

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Lacking the ability to read or write, often due to lack of access to education or learning opportunities.