Which of the following is not an internal control?
A)rotating personnel among tasks.
B)separation of duties.
C)setting limits on the amount of expenditures.
D)using absolute performance standards.

Question

Quizplus · Accepted Answer

Using absolute performance standards is not an internal control. Internal controls are procedures and policies put in place to ensure the accuracy and reliability of financial reporting, safeguard company assets, and prevent fraud. Rotating personnel, separation of duties, and setting limits on expenditures are all examples of internal controls.

Which of the Following Is Not an Internal Control