Which of the following deals with ongoing or periodic assessment of the quality of internal control by management?
A) verifying activities
B) monitoring activities
C) oversight activities
D) management activities

Question

Quizplus · Accepted Answer

Monitoring activities involve ongoing or periodic assessment of the quality of internal control by management. Verifying activities refer to procedures that verify transactions and the effectiveness of controls. Oversight activities refer to monitoring internal and external events that could affect the organization. Management activities refer to the overall management and direction of the organization.

Which of the Following Deals with Ongoing or Periodic Assessment