Which one of the following activities would be LEAST likely to strengthen a company's internal control?
A) Maintaining insurance for fire and theft
B) Carefully selecting and training employees
C) Fixing responsibility for the performance of employee duties
D) Management demonstrating by policy and example that it values accuracy and integrity

Question

Quizplus · Accepted Answer

Maintaining insurance for fire and theft is a risk transfer mechanism and does not directly relate to strengthening internal control. Internal control involves procedures and practices put in place by management to ensure that company assets are safeguarded and financial information is accurate. The other options (B, C, and D) are all activities that would strengthen a company's internal control.

Which One of the Following Activities Would Be LEAST Likely