Which of the following is NOT a component of internal control? A. Assigning to one individual the

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Which of the following is NOT a component of internal control?

A. Assigning to one individual the responsibility for and custody of assets.

B. Monitoring of controls via internal and external auditors.

C. Risk assessment to identify risk areas.

D. Effective control environment where the importance of internal control is emphasized.

E. None of the above.

Related Book For answer-question

Fundamentals Of Financial Accounting

ISBN: 9781265440169

7th Edition

Authors: Fred Phillips, Shana Clor-Proell, Robert Libby, Patricia Libby

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Posted Date: May 06, 2022 10:20 AM

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Which of the following is NOT a component of internal control? A. Assigning to one individual the

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Internal controls are evaluated how well company implemented its ... View the full answer

Fundamentals Of Financial Accounting

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