The principles of internal control include:
A) Establish responsibilities.
B) Maintain minimal records.
C) Use only computerized systems.
D) Bond all employees.
E) Require automated sales systems.

Question

Quizplus · Accepted Answer

Establishing responsibilities is a key principle of internal control as it assigns specific duties and tasks to individuals within an organization to ensure accountability and prevent fraud or errors. Maintaining minimal records, using only computerized systems, and requiring automated sales systems are not principles of internal control. Bonding all employees is a good practice, but it is not a principle of internal control.

The Principles of Internal Control Include