Which of the following is NOT a part of internal control?
A) Separation of duties
B) Purchases are made without approval.
C) A voucher system is used.
D) None of these answers is correct.

Question

Quizplus · Accepted Answer

Purchases made without approval do not constitute a part of internal control systems. Internal control systems are designed to ensure accuracy and reliability in financial reporting, safeguard assets, and encourage adherence to policies. Separation of duties and the use of a voucher system are examples of internal control measures.

Which of the Following Is NOT a Part of Internal