The components of internal control do not directly include:
A)Risk assessment.
B)Inflation adjustment.
C)Monitoring.

Name: The components of internal control do not directly include: A)Risk assessment. B)Inflation adjustment. C)Monitoring.
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Question

Quizplus · Accepted Answer

The components of internal control, as defined by COSO, include control environment, risk assessment, control activities, information and communication, and monitoring. Inflation adjustment is not a part of these components.

The Components of Internal Control Do Not Directly Include