Which of the following is a key element of good internal control?
A)having the latest version of information systems installed
B)having audits at periodic intervals
C)having a good working environment for employees
D)allowing no vacations and job rotations

Question

Quizplus · Accepted Answer

Having audits at periodic intervals is a key element of good internal control because it allows for the identification and correction of any weaknesses or errors before they can become significant problems. This helps ensure the accuracy and reliability of financial reporting and other business operations. The other options listed, such as having the latest technology or restricting employee benefits, may be beneficial to some extent but are not as critical to maintaining good internal control as regular audits.

Which of the Following Is a Key Element of Good