Auditing And Assurance Services
Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
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Chapter 11, Problem 22.3MCQ

Which of the following correctly describes an internal control component?

  1. (1) Control activities set the tone of the organization.
  2. (2) Information and communication systems have to do with management’s analysis of risk.
  3. (3) Risk assessment relates to assessing the quality of the internal control structure overtime.
  4. (4) Monitoring relates to ongoing assessment by management to determine whether controls are operating as intended.
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Internal Control Components; Author: Accounting Instruction, Help, & How To;https://www.youtube.com/watch?v=D8SSaqpE6L8;License: Standard Youtube License