An important part of effectiveness and efficiency of controls is safeguarding assets and records. This refers to:
A) confidential documents.
B) general ledger and journals.
C) physical assets of a company.
D) all of the above

Question

Quizplus · Accepted Answer

Safeguarding assets and records refers to the protection of all company assets, including physical assets and confidential documents such as general ledger and journals. Therefore, the correct answer is D, all of the above.

An Important Part of Effectiveness and Efficiency of Controls Is