The principles of internal control include:
A)Separate recordkeeping from custody of assets.
B)Maintain minimal records.
C)Use only computerized systems.
D)Bond all employees.
E)Require automated sales systems.

Question

Quizplus · Accepted Answer

Separating recordkeeping from custody of assets ensures that there is accountability and oversight in the handling of assets, reducing the risk of fraud or theft. The other choices are either incorrect or not comprehensive enough to be considered valid principles of internal control.

The Principles of Internal Control Include