Which of the following is NOT a component of internal control? (A) Control activities (B) Risk assessment (C) External audit (D) Monitoring activities

Which of the following is not a component of internalcontrol?a. Environmental assessmentb. Control activitiesc. Information and communicationd. Monitoring activities

In the context of auditing, what does "tracking" actually entail?

With respect to an audit, which of the following is not a risk assessment procedure?  Analytical procedures. Evaluation of the control environment. Observation and Inspection. Inquiries of management and others within the entity.

Which of the following is not one of the five key steps within the ERM process? a. Risk response b. Risk acceptance c. Risk monitoring d. Risk identification

Which of the following i not an element of internal control?A. Control environmentB. MonitoringC. Compliance with laws and regulationsD. Control procedures

Providing timely information about transactions in sufficient detail to permit proper classification and financial reporting is an example of a. the control environment. b. risk assessment. c. information and communication. d. monitoring.

1.Explain the importance of internal controls to auditors and management.

Which is not a Risk Assessment Procedure? a. Ratio Analysis b. Observation of Activities c. Account Receivable confirmations d. Inspection of Documents e. Inquiry of Internal Auditors

What element of internal control would include the setting of "tone at the top"? a.control environment b.risk assessment c.monitoring d.control activities