In the GAO CRIME framework, which component corresponds to ongoing oversight to assess performance and ensure controls are operating effectively?

In the GAO CRIME framework, which component corresponds to ongoing oversight to assess performance and ensure controls are operating effectively?

• A. Monitoring
• B. Control Environment
• C. Risk Assessment
• D. Information and Communications

Answer: (A)

Ongoing oversight to assess performance and ensure controls are operating effectively is the Monitoring component. It covers continuous monitoring activities and periodic assessments that check whether internal controls are functioning as intended over time. By tracking performance, identifying deficiencies, and ensuring timely remediation, Monitoring keeps controls effective in the face of changes and new risks. In the GAO CRIME framework, this sits with Control Environment, Risk Assessment, Information and Communications, and Existing Control Activities as one of the five essential elements.

Ongoing oversight to assess performance and ensure controls are operating effectively is the Monitoring component. It covers continuous monitoring activities and periodic assessments that check whether internal controls are functioning as intended over time. By tracking performance, identifying deficiencies, and ensuring timely remediation, Monitoring keeps controls effective in the face of changes and new risks. In the GAO CRIME framework, this sits with Control Environment, Risk Assessment, Information and Communications, and Existing Control Activities as one of the five essential elements.