Which of the following is an internal control procedure?
A)segregation of controls
B)authorization procedures
C)documented transaction trails
D)independent recalculations
E)relevant controls that limit access to assets
F)both A and B
G)both B and C
H)both D and E

Question

Quizplus · Accepted Answer

Both B (authorization procedures) and C (documented transaction trails) are internal control procedures. Segregation of controls (A) and relevant controls that limit access to assets (E) are also internal control procedures, but they are not listed as answer choices in this question. Independent recalculations (D) can be considered an internal control procedure, but it is less common than the other options listed. Therefore, the best choice is G: both B and C.

Which of the Following Is an Internal Control Procedure