Which of the following statements about the monitoring of internal controls is TRUE?

The assertion that monitoring of internal controls is a continuous process to ensure control effectiveness is accurate. Continuous monitoring is essential because it allows organizations to identify and respond to compliance risks and deficiencies in real time. This ongoing process ensures that controls remain effective and adapt to changing regulations and operational environments. It emphasizes the importance of actively overseeing controls rather than waiting for failures to occur before taking action.

This proactive approach helps organizations maintain compliance with legal and regulatory standards, mitigate risks, and enhance the overall effectiveness of their internal control systems. Continuous monitoring contributes to a culture of accountability and vigilance, which is critical in healthcare compliance settings where the stakes can be particularly high. By regularly assessing the performance of internal controls, organizations can ensure that they are achieving their compliance objectives and are well-prepared for audits and regulatory reviews.