The rule that all major groups of transactions should be supported by hard copy documents or electronic records is part of the control procedure of:
A)limited access.
B)segregation of duties.
C)adequate records.
D)proper approvals.

Question

Quizplus · Accepted Answer

The rule that all major groups of transactions should be supported by hard copy documents or electronic records is part of the adequate records control procedure. This control procedure ensures that all transactions and their supporting documentation are properly recorded and can be scrutinized if necessary. Limited access, segregation of duties, and proper approvals are also important control procedures, but they are not directly related to the requirement for adequate records.

The Rule That All Major Groups of Transactions Should Be