Which of the following components of internal control consist of internal and external auditors?
A)monitoring of controls
B)information systems
C)control procedures
D)control environment

Question

Quizplus · Accepted Answer

Monitoring of controls includes the activities performed by internal and external auditors to assess the effectiveness of control procedures and identify areas for improvement. Information systems refer to the hardware and software used to process and report data, while control procedures are the specific policies and procedures implemented to achieve objectives. Control environment refers to the tone set by management regarding the importance of internal control and ethical behavior.

Which of the Following Components of Internal Control Consist of Internal