Approvals, authorizations, verifications, reconciliations, reviews of operating performance, security procedures, and segregation of duties are examples of:
A)control activities
B)event identification
C)monitoring
D)risk response

Question

Quizplus · Accepted Answer

The given activities are all examples of control activities, which are the policies and procedures implemented by management to ensure that business objectives are achieved and risks are mitigated. Event identification refers to the process of identifying potential risks and events that could impact the organization, monitoring refers to the ongoing evaluation of control processes and risk management, and risk response refers to the actions taken to address identified risks.

Approvals, Authorizations, Verifications, Reconciliations, Reviews of Operating Performance, Security Procedures