Multiple Choice
Three of the five components of internal control are:
A) control environment, risk assessment and control policies.
B) monitoring of controls, information database and risk assessment.
C) monitoring of controls, risk assessment and control environment.
D) risk assessment, control procedures and information database.
Correct Answer:

Verified
Correct Answer:
Verified
Q35: Hints of where fraud, mistakes or financial
Q56: When opening incoming mail, the mailroom employee
Q57: The bank statement showed a NSF check
Q59: The bank statement balance is $6,450 and
Q60: A budget is a financial plan that
Q61: A depository bank account does NOT:<br>A)prevent unauthorized
Q64: SOX created a new body to oversee
Q103: Fraud is the ultimate unethical act in
Q106: A purchase order:<br>A) identifies the need for
Q149: Payment by check is an important internal