diff --git a/Doc/library/sys.monitoring.rst b/Doc/library/sys.monitoring.rst
index 0fa06da5220..3ead20815fa 100644
--- a/Doc/library/sys.monitoring.rst
+++ b/Doc/library/sys.monitoring.rst
@@ -226,6 +226,10 @@ To allow tools to monitor for real exceptions without slowing down generators
 and coroutines, the :monitoring-event:`STOP_ITERATION` event is provided.
 :monitoring-event:`STOP_ITERATION` can be locally disabled, unlike :monitoring-event:`RAISE`.
 
+Note that the :monitoring-event:`STOP_ITERATION` event and the :monitoring-event:`RAISE`
+event for a :exc:`StopIteration` exception are equivalent, and are treated as interchangeable
+when generating events. Implementations will favor :monitoring-event:`STOP_ITERATION` for
+performance reasons, but may generate a :monitoring-event:`RAISE` event with a :exc:`StopIteration`.
 
 Turning events on and off
 -------------------------
diff --git a/Lib/test/test_monitoring.py b/Lib/test/test_monitoring.py
index 1a129b9432e..d7043cd4866 100644
--- a/Lib/test/test_monitoring.py
+++ b/Lib/test/test_monitoring.py
@@ -832,20 +832,43 @@ class ExceptionMonitoringTest(CheckEvents):
 
         self.check_events(func1, [("raise", KeyError)])
 
-    # gh-116090: This test doesn't really require specialization, but running
-    # it without specialization exposes a monitoring bug.
-    @requires_specialization
     def test_implicit_stop_iteration(self):
+        """Generators are documented as raising a StopIteration
+           when they terminate.
+           However, we don't do that if we can avoid it, for speed.
+           sys.monitoring handles that by injecting a STOP_ITERATION
+           event when we would otherwise have skip the RAISE event.
+           This test checks that both paths record an equivalent event.
+           """
 
         def gen():
             yield 1
             return 2
 
-        def implicit_stop_iteration():
-            for _ in gen():
+        def implicit_stop_iteration(iterator=None):
+            if iterator is None:
+                iterator = gen()
+            for _ in iterator:
                 pass
 
-        self.check_events(implicit_stop_iteration, [("raise", StopIteration)], recorders=(StopiterationRecorder,))
+        recorders=(ExceptionRecorder, StopiterationRecorder,)
+        expected = [("raise", StopIteration)]
+
+        # Make sure that the loop is unspecialized, and that it will not
+        # re-specialize immediately, so that we can we can test the
+        # unspecialized version of the loop first.
+        # Note: this assumes that we don't specialize loops over sets.
+        implicit_stop_iteration(set(range(100)))
+
+        # This will record a RAISE event for the StopIteration.
+        self.check_events(implicit_stop_iteration, expected, recorders=recorders)
+
+        # Now specialize, so that we see a STOP_ITERATION event.
+        for _ in range(100):
+            implicit_stop_iteration()
+
+        # This will record a STOP_ITERATION event for the StopIteration.
+        self.check_events(implicit_stop_iteration, expected, recorders=recorders)
 
     initial = [
         ("raise", ZeroDivisionError),