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  2. Topic
    Business
  3. Study Set
    Auditing A Risk Based Approach
  4. Exam
    Exam 3: Internal Control Over Financial Reporting: Responsibilities of Management and the External Auditor
  5. Question
    Effective Monitoring of Internal Controls Not Only Identifies Risks but Also
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Effective Monitoring of Internal Controls Not Only Identifies Risks but Also

Question 25

Question 25

True/False

Effective monitoring of internal controls not only identifies risks but also responds to these risks appropriately.

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