Which internal control activity is followed when inventory storage areas are secured with limited access?
A)Segregation of duties
B)Safeguarding of assets and records
C)Checks on recorded amounts
D)Clearly defined authority and responsibility

Question

Quizplus · Accepted Answer

Securing inventory storage areas with limited access is a safeguarding of assets and records internal control activity. This helps prevent theft, damage, or misplacement of inventory items. Segregation of duties, checks on recorded amounts, and clearly defined authority and responsibility are also important internal control activities, but they are not directly related to securing inventory storage areas.

Which Internal Control Activity Is Followed When Inventory Storage Areas