Separating the custody of assets from accounting for assets is a part of which element of internal control?
A) Information and communication
B) Monitoring
C) Control environment
D) Control procedures

Question

Quizplus · Accepted Answer

Separating the custody of assets from accounting for assets is part of control procedures, which involves developing and implementing policies and procedures to ensure that management directives are carried out.

Separating the Custody of Assets from Accounting for Assets Is