An entity's ongoing monitoring activities often include
A) Periodic audits by the audit committee.
B) Reviewing the purchasing function.
C) The audit of the annual financial statements.
D) Control risk assessment in conjunction with quarterly reviews.

Question

Quizplus · Accepted Answer

Ongoing monitoring activities are part of an entity's internal control processes and include regular reviews of operations, such as the purchasing function, to ensure controls are effective and objectives are being met.

An Entity's Ongoing Monitoring Activities Often Include