Which of the following is not a major component of an organization's internal controls?
A) Risk assessment.
B) Control environment.
C) Control activities.
D) Control risk.

Question

Quizplus · Accepted Answer

Control risk is not a major component of an organization's internal controls. The major components of internal controls are the control environment, risk assessment, control activities, information and communication, and monitoring. Control risk is a concept used in the auditing process to assess the risk of material misstatement in the financial statements.

Which of the Following Is Not a Major Component of an Organization's