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Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206 Exercise 9
Monitoring is a major component of the COSO Internal Control-Integrated Framework. Which of the following is not correct in how the company can implement the monitoring component?
A) Monitoring can be an ongoing process.
B) Monitoring can be conducted as a separate evaluation.
C) Monitoring and other audit work conducted by internal audit staff can reduce external audit costs.
D) The independent auditor can serve as part of the entity's control environment and continuous monitoring.
A) Monitoring can be an ongoing process.
B) Monitoring can be conducted as a separate evaluation.
C) Monitoring and other audit work conducted by internal audit staff can reduce external audit costs.
D) The independent auditor can serve as part of the entity's control environment and continuous monitoring.
Explanation
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Verified
According to COSO's Internal Control-Int...
Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
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