The "Monitoring" process is a management responsibility that assesses the quality of internal control performance over time (Bagranoff, Simkin, and Strand 2005, 112).
Questions relating to Monitoring:
Does internal auditing have the support of board members and senior executives?
Is the organizational relationship between internal auditing and senior executives appropriate?
Are audit reports covering the right subjects distributed to the right people in a timely manner?
Do audit personnel possess an appropriate level of expertise?
Are managers held accountable if they do not effectively follow up on control weaknesses?
Are there audits by external parties, and if so, how effective are they?