Which of the following is not a generally recognized internal control procedure?
A)Internal review by the audit committee of the board of directors
B)Independent verification of the work of one employee by another employee
C)Independent review and appraisal by internal auditors
D)Segregation of duties

Question

Quizplus · Accepted Answer

While internal review by the audit committee of the board of directors can be a helpful oversight measure, it is not typically considered a standard internal control procedure. The other options listed (B, C, and D) are widely recognized as important components of internal control systems.

Which of the Following Is Not a Generally Recognized Internal