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:

Single-trait Approach

A psychological methodology focusing on how one trait in a person’s personality influences their behavior across different situations and contexts.

Many-trait Approach

A method in personality psychology that examines the relationship between a wide array of traits and a specific behavior or outcome, aiming to understand personality as a complex interplay of many traits.

Typological Approach

A method of categorization based on discrete types or categories, often used in personality psychology to organize personality traits.

Factor Analyses

A statistical technique designed to discover the latent factors responsible for the observed correlation patterns among a set of variables.