The Components of Internal Control Do Not Directly Include

question 79

Multiple Choice

The components of internal control do not directly include:

• A)Risk assessment.
• B)Inflation adjustment.
• C)Monitoring.
• D)Control activities.

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Definitions:

Hearsay

Evidence that is heard by one person and then repeated to another.

Anecdotal Evidence

Evidence based on personal testimonies.

Testimony

A formal written or spoken statement, especially one given in a court of law.

Experience

The knowledge or skill acquired by a person through direct involvement in or exposure to events or activities over time.