Which of the following is a component of internal control under ISA 315?
AThe audit committee charter
BThe control environmentCORRECT
CThe management letter
DThe engagement letter
ICANAudit & AssuranceInternal Control and Tests of Controls2021
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Why the answer is B, and why the others tempt you.
The components are the control environment, the entity's risk assessment process, the information system and communication, control activities, and monitoring of controls.
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