Which of the Following Describes the Internal Control Component Monitoring

question 17

Multiple Choice

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

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

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Definitions:

Emotional Intelligence

The ability to understand, manage, and communicate one's feelings, while dealing wisely and compassionately with others in social interactions.

Delaying Gratification

The act of resisting an immediate reward in preference for a later reward, often seen as a sign of emotional maturity and self-control.

Panic Attacks

Sudden periods of intense fear or discomfort, often with physical symptoms like rapid heartbeat.

Enhanced

Improved or augmented in quality, value, or effectiveness through additional features or changes.