A system of internal accounting control normally would include procedures that are designed to provide reasonable assurance that:
A) transactions are executed in accordance with management's general or specific authorisation.
B) employees act with integrity when performing their assigned tasks.
C) collusive activities would be detected by segregation of employee duties.
D) unusual transactions are accurately recorded.

Question

Quizplus · Accepted Answer

Internal accounting controls are designed to ensure that transactions are executed in accordance with management's authorization, providing reasonable assurance of compliance and accuracy.

A System of Internal Accounting Control Normally Would Include Procedures