As a form of internal control to address the risk of inappropriate/missing authorizations, internal audit review of selected transactions is best described as:
A)A general control.
B)An application control.
C)A behavioral control.
D)A financial control.

Question

Quizplus · Accepted Answer

Internal audit review of selected transactions is an application control as it aims to ensure that the authorization process within a specific application or system is functioning effectively. It helps to detect any potential errors or fraud related to missing or inappropriate authorizations within the system.

As a Form of Internal Control to Address the Risk