Question: Internal control elements Identify each of the following as relating to the control environment, control procedures, or monitoring: Line Item DescriptionClassification 1 . Safeguarding inventory
Internal control elements
Identify each of the following as relating to the control environment, control procedures, or monitoring:
Line Item DescriptionClassification Safeguarding inventory in a locked warehouse
The control environmentControl proceduresMonitoring
Hiring of external auditors to review the adequacy of controls
The control environmentControl proceduresMonitoring
Personnel policies
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