All of the following are examples of internal control procedures except
A)Using pre-numbered documents
B)Reconciling the bank statement
C)Processing customer satisfaction surveys
D)Insistence that employees take vacations

Question

Quizplus · Accepted Answer

Internal control procedures are designed to safeguard company assets, ensure the accuracy of financial records, and promote operational efficiency. Processing customer satisfaction surveys may provide useful information for the company, but it is not a control procedure related to financial reporting or asset protection. A, B, and D all represent internal control procedures. A ensures that all documents are accounted for, B ensures that there are no unrecorded transactions, and D ensures that there is a system of checks and balances in place to prevent fraud or errors.

All of the Following Are Examples of Internal Control Procedures