Match the following elements of internal control:
-Monitoring
A)Provides reasonable assurance that business goals will be achieved
B)Used by management for guiding operations and ensuring compliance with requirements
C)Overall attitude of management and employees
D)Used to locate weaknesses and improve controls
E)Identify, analyze, and assess likeliness of vulnerabilities

Question

Quizplus · Accepted Answer

Monitoring is a process used to locate weaknesses in the internal control system and to improve controls, ensuring that any deficiencies are identified and addressed.

Match the Following Elements of Internal Control