Which of the following statements concerning internal controls is TRUE?
A) Internal controls are designed and implemented without the need for assessment.
B) Internal controls provide absolute confidence in risk mitigation.
C) Internal controls must be continuously assessed.
D) Manual internal controls must be assessed but not automated controls.

Question

Quizplus · Accepted Answer

Internal controls require continuous assessment to ensure they are effective and to adapt to new risks or changes in the organization.

Which of the Following Statements Concerning Internal Controls Is TRUE