Companies Can Monitor the Effectiveness of Internal Control and Enterprise

question 22

Multiple Choice

Companies can monitor the effectiveness of internal control and enterprise risk management systems through: (i) employee surveys, (ii) internal audits.

• A) i only.
• B) ii only.
• C) Both i and ii.
• D) Neither i nor ii.

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Definitions:

Compensation Costs

Expenses related to paying employees, including wages, salaries, bonuses, benefits, and any other form of remuneration.

Technological Changes

Refers to the advancements and innovations in technology that impact how activities are performed in various domains.

Delphi Meeting

A structured communication technique, often used in forecasting or decision making, involving a panel of experts who answer questionnaires in multiple rounds.

Composite Forecast

An estimation method that combines several individual forecasts to produce a more accurate overall forecast.