Which of the Following Is an Attribute of the Internal

question 207

Multiple Choice

Which of the following is an attribute of 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) Monitoring of controls deals with identification and assessment of business risks.

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Definitions:

Online

Connected to or available through the internet or other digital network.

Attachment

The legal process of seizing a debtor's property to secure or satisfy a judgment.

Security Interest

A legal claim on collateral that gives a lender the right to property if a loan is not repaid.

Legal Sense

Pertains to understanding, awareness, or interpretation within the context of the law.