Which of the following is not a generally recognized internal control activity? A)Separation of the custody and record keeping responsibilities for any business activity B)Internal review of business transactions by the board of directors C)Internal review of business transactions by the internal auditors D)Independent verification of the work of one employee by another employee

Question

Quizplus · Accepted Answer

While internal review of business transactions is a good practice and can be performed by the board of directors or internal auditors, it is not considered a generally recognized internal control activity. The other options listed are all commonly recognized internal control activities.

Which of the Following Is not a Generally Recognized Internal