Which of the following is NOT considered an essential element of a comprehensive framework of internal control?

In assessing the essential elements of a comprehensive framework of internal control, the concept of independent audit stands out as distinct from the core components typically recognized within such frameworks. Internal control systems are primarily designed to guide organizational processes, ensuring efficiency and compliance while safeguarding assets.

Effective communication is fundamental because it provides the necessary flow of information throughout the organization, enabling appropriate responses and actions based on insights about internal controls.

Monitoring mechanisms are crucial as they allow for ongoing assessments and adjustments within the internal control system, ensuring that controls operate effectively over time.

Risk assessment represents a critical component, as it involves identifying and analyzing potential risks that could impact the achievement of objectives, thus guiding the development of relevant controls.

While independent audits do play a significant role in evaluating and ensuring the integrity of financial reporting and compliance, they are generally considered an external review process rather than a component of the internal control framework itself. Thus, in the context of the question, independent audit is not seen as an essential element of the internal control structure compared to the other three core elements.