Which one of the below is not a component of the internal control over financial reporting?

(a) The management overrides

(b) The control environment

(c) The company’s risk assessment process

(d) The monitoring of controls Question4 Obtaining an understanding of the control environment includes assessing the following except?

(a) Whether management’s philosophy and operating style promote effective internal control over financial reporting

(b) Whether sound integrity and ethical values, particularly of top management, are developed and understood

(c) Whether the board or audit committee understands and exercises oversight responsibility over financial reporting and internal control

(d) None