Which of the following is not part of the control process? a) Monitoring of actual activity b) Comparing of actual with planned activity c) Investigating d) Developing a strategic plan e) Taking corrective action

Which of the following is not part of the control process? a) Monitoring of actual activity b) Comparing of actual with planned activity c) Investigating d) Developing a strategic plan e) Taking corrective action

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 36CYBK

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Question

Which of the following is not part of the control process?
a) Monitoring of actual activity
b) Comparing of actual with planned activity
c) Investigating
d) Developing a strategic plan
e) Taking corrective action

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