Auditors must consider these five components of COSO internal controls when understanding the client and its internal controls Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a control environment, tone at the top, risk assessment, segregation of duties, monitoring b control environment, tone at the top, risk assessment, control activities, monitoring c control activities. control environment, risk assessment, info and communications, monitoring d control activities, control environment, monitoring, tone at the top, info and commumication
Auditors must consider these five components of COSO internal controls when understanding the client and its internal controls Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a control environment, tone at the top, risk assessment, segregation of duties, monitoring b control environment, tone at the top, risk assessment, control activities, monitoring c control activities. control environment, risk assessment, info and communications, monitoring d control activities, control environment, monitoring, tone at the top, info and commumication
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
Section: Chapter Questions
Problem 40CYBK
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Question
Auditors must consider these five components of COSO internal controls when understanding the client and its internal controls
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a
control environment, tone at the top, risk assessment, segregation of duties, monitoring
b
control environment, tone at the top, risk assessment, control activities, monitoring
c
control activities. control environment, risk assessment, info and communications, monitoring
d
control activities, control environment, monitoring, tone at the top, info and commumication
Expert Solution
Segregation of duties
Segregation of duties is not component of COSO internal controls. however, Segregation of duties is part of the effective control technique.
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