Which of the Following Components of Internal Control Consist of Work

question 36

Multiple Choice

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

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

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Definitions:

Planning

The process of defining goals, establishing strategies, and outlining tasks and schedules to accomplish the goals.

Deadlines

Specific times or dates by which tasks must be completed or goals must be achieved.

Real-time Adjustments

Adjustments or changes made instantly in response to events or conditions as they happen, without delay.

Deviations

Instances of divergence from a standard, norm, or expectation, which can occur in various contexts such as behavior, performance, or statistical analysis.