Which one of the following is not a generally recognized internal control procedure?
A) Internal review by the audit committee of the board of directors
B) Independent verification of the work of one employee by another employee
C) Independent review and appraisal by internal auditors
D) Segregation of duties

Question

Quizplus · Accepted Answer

While internal review by the audit committee of the board of directors is an important oversight function, it is not traditionally considered an internal control procedure. The other options listed (independent verification of work, independent review by internal auditors, segregation of duties) are all generally recognized internal control procedures.

Which One of the Following Is Not a Generally Recognized