Which statement regarding internal control is false? A) Documentation is not a critical component of an internal control system. B) Ideally, a task can be divided to make job functions as natural checks on each other. C) A specific person should ideally be responsible for each task or job function. D) All records should allow cross-referencing from one area of responsibility to another.

Question

Quizplus · Accepted Answer

Documentation is a critical component of an internal control system as it provides evidence of compliance and enables monitoring and evaluation of the system's effectiveness.

Which Statement Regarding Internal Control Is false