LEARNING MATERIALS IS IN THE PICTURE QUESTION3.What is monitoring? Identify the two major types of monitoring and explain how they could be used by management.I.Ongoing EvaluationII.Separate Evaluations PLEASE NO PLAGIARISM. I WILL GIVE UPVOTES AND COMMENTS. THANKS! e. Monitoring - as internal control is implemented, management shouldmonitor the operation of controls to provide assurance that all fivecomponents (including the monitoring function itself) continue to operateeffectively. Monitoring activities may be ongoing, separate evaluations. Ora combination thereof. Ongoing monitoring activities are often designedinto recurring activities such as sales and purchases. Separateevaluations are often performed by internal auditors or other personneland often include communication of information about strengths andweaknesses and recommendations for improving internal controls.

Monitoring Monitoring is an ongoing and routine process of collecting the data and measuring the…

Answered: 3.What is monitoring? Identify the two…

3.What is monitoring? Identify the two major types of monitoring and explain how they could be used by management. I.Ongoing Evaluation II.Separate Evaluations

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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