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 one of the elements of a good system of internal control? a.Control environment b.Analysis of control procedures c.Information and communication d.Risk assessment

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

Which is not a Risk Assessment Procedure?a. Ratio Analysisb. Observation of Activitiesc. Account Receivable confirmationsd. Inspection of Documentse. Inquiry of Internal Auditors    Is it a or c ???

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

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.

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

Aside from documenting his/her understanding of the internal control structure, the auditor should also document the assessed level of control risk.  True or false? why?