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.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.