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The term "ongoing and separate evaluations" in the context of monitoring activities primarily relates to internal audits and assessments. This phrase emphasizes the importance of continuous oversight and scrutiny of financial and operational processes to ensure compliance, effectiveness, and efficiency in government management practices. Internal audits are systematic examinations of agency activities that occur independently from the management process. They play a crucial role in identifying risks, ensuring that internal controls are effective, and verifying adherence to laws, regulations, and organizational policies.

By having ongoing evaluations, organizations can continually assess their operations and make necessary adjustments based on identified deficiencies or risks. The separation aspect highlights the independence of these evaluations from the activities being monitored, which enhances objectivity and reliability in the assessment process. In contrast, while employee performance reviews, daily transaction reconciliation, and contingency planning are important activities, they do not encapsulate the same level of independent evaluation as internal audits do.