QUESTION 21 An effective and robust system of internal control should be carefully examined to see if the benefits outweigh the costs of providing such a system will guarantee that the entity will meet its objectives can only provide an entity with reasonable assurance in achieving its financial reporting objectives QUESTION 22 Audit data analytics (ADA) is effective for identifying general types of misstatements, as well as identifying specific transactions or accounts that are likely to be misstated none of these Identifying general types of misstatements only identifying specific transactions or accounts that are likely to be misstated only QUESTION 23 Which process involves assessing the design and operation of controls on a timely basis and taking necessary corrective actions? Monitoring Risk assessment Control activities Information and communication