Which of the following is a typical internal control?
A) The use of password-protected computers and software.
B) The requirement that separate individuals authorize cash disbursements and sign checks.
C) The use of physical controls over inventories to prevent loss from theft.
D) A physical count of inventory at year-end to verify amounts shown on the company's accounting records.
E) All of the answers are correct.

Question

Quizplus · Accepted Answer

All the options listed are examples of typical internal controls used by organizations to safeguard assets, ensure accurate and reliable financial reporting, and promote operational efficiency.

Which of the Following Is a Typical Internal Control