Each of the following is a feature of internal control, except
A) recording of all transactions.
B) a sound marketing plan.
C) sound personnel policies.
D) separation of duties.

Question

Quizplus · Accepted Answer

A sound marketing plan is not a feature of internal control. Internal control refers to the processes, procedures, and safeguards implemented to ensure the accuracy, reliability, and completeness of financial information, as well as the effectiveness and efficiency of operations, compliance with laws and regulations, and safeguarding of assets. Features of internal control include recording of all transactions, sound personnel policies, and separation of duties.

Each of the Following Is a Feature of Internal Control