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Which one of the following is not a primary component of an internal control system?A. Risk assessmentB. Information and communicationC. MonitoringD. Rationalization

1 Answer

5 votes

Answer:

D

Step-by-step explanation:

The internal control structure of a company is made up of the policies and procedures established to provide reasonable assurance that particular objectives will be achieved.

The system or structure consists of the following:

  1. Controlling the environment
  2. Risk assessment
  3. Control activities
  4. Information and communication
  5. Monitoring

Rationalization is not one of them.

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