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The component of an internal control system that concerns itself with the way a company's management...

The component of an internal control system that concerns itself with the way a company's management assigns authority and responsibility is called: A)Monitoring

B)Control environment

C)Risk assessment

D)Information

Can someone help me as soon as possible please I apericate it

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Answer #1

Answer: B)Control Environment

Control Environment: The control environment is the set of protocols, standards, processes and procedures that enables internal control across the organization. The control environment consists of ethical values of the organization; the standards for the board of directors to carry out its oversight responsibilities for governance, the organizational structure and assignment of authority and responsibility; the process for attracting, developing and retaining human resource etc

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