Which of the following describes the internal control procedure "competent, reliable, and ethical personnel?"
A)the criticality of information system
B)the need of training and supervision of employees
C)monitoring of internal controls by external auditors
D)purchase of burglar alarms.

Question

Quizplus · Accepted Answer

The internal control procedure "competent, reliable, and ethical personnel" refers to the need for the organization to have a team of employees who are trustworthy, skilled, and knowledgeable enough to operate the controls effectively. This requires training and supervision to ensure that employees understand the procedures and adhere to ethical standards. Therefore, option B is the correct choice. The criticality of information system (option A) is an additional factor that may influence the internal control procedure but is not relevant to this specific one. Option C, monitoring of internal controls by external auditors, is a control activity that is carried out to evaluate the effectiveness of internal controls, but it is not a procedure in itself. Lastly, option D, purchase of burglar alarms, refers to a physical control that is typically used to safeguard assets from theft, but it is not related to the internal control procedure of having competent, reliable, and ethical personnel.

Which of the Following Describes the Internal Control Procedure "Competent