PE 8-1B Internal control elements

Identify each of the following as relating to (a) the control environment, (b) control procedures, or (c) monitoring. 1. Personnel policies 2. Safeguarding inventory in a locked warehouse 3. Hiring of external auditors to review the adequacy of controls

Answer:
1. (a) the control environment
2. (b) control procedures
3. (c) monitoring

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