It is generally possible for small companies to have all of the following except for
A) adequate documents and records.
B) physical controls over assets.
C) competent, trustworthy personnel.
D) internal auditors.

Question

Quizplus · Accepted Answer

Small companies may not have the resources to have an internal audit function. However, they should still ensure they have adequate documents and records, physical controls over assets, and competent, trustworthy personnel.

It Is Generally Possible for Small Companies to Have All