Question

Question 1 (2 points) Auditing and monitoring usually does not evolve with the compliance program's maturity True False Question 2 (2 points) Auditing is a day-to-day process and commonly used by management to assist them in identifying how controls in their operations are working, identifying any risks that have escalated or tracking emerging risks in their respective management area True False Question 3 (2 points) An effective ethics and compliance program includes developing a poorly based risk assessment auditing and monitoring plan True False Question 4 (2 points) Saved Monitoring does not have to be independent, but cas True False Outlet

please check number 4.
5.)Aretrospective audit will provide a baseline for the area of rest being audited or a snapshot of where you are with a specific risk area?
True or False.

I need help with all please! thanks in advance.

Answer 1

Answer: 1: false

Auditing and monitoring are included in the compliance program

Answer: 2: true

Auditing is basically maintaining financial accounts of the businesses or organization and making plans according to it.

answer: 3: false

as it involves developing strong based auditing and monitoring plans to reduce the risk

answer: 4: true

monitoring can be dependent or independent

answer: 5 true

it provides broad baseline