Which of the following is an internal control procedure?
A)segregation of controls
B)authorization procedures
C)reliable transaction trails
D)independent reconciliations
E)relevant controls that limit access to assets
F)both A and C
G)both A and E
H)Both B and D

Question

Quizplus · Accepted Answer

Authorization procedures (B) and independent reconciliations (D) are both internal control procedures. Segregation of controls (A), reliable transaction trails (C), and relevant controls that limit access to assets (E) are also internal control procedures, but they are not included in the given options. Choice H includes two internal control procedures, making it the best choice.

Which of the Following Is an Internal Control Procedure