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    The Internal Control Component for Control Procedures

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    Which of the following describes the internal control component "control procedures"?
    A: Company must identify its risks.
    B: Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate.
    C: Control procedures are the "tone at the top" of the business.
    D: Control procedures are designed to ensure that the business's goals are achieved.

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    https://brainmass.com/business/auditing/the-internal-control-component-for-control-procedures-561788

    Solution Preview

    A - company must identify its risks.

    B - this is the definition for "monitoring of controls"
    C - the control environment includes the tone at the top.
    D - Control ...

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    This solution provides the correct answer with explanation to the internal control question provided.

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