A good internal control system includes:
A) open work environments.
B) rigid rules.
C) segregation of duties.
D) following strict hiring procedures.

Question

Quizplus · Accepted Answer

Segregation of duties is an essential component of a good internal control system as it ensures that no single employee has control over an entire process or transaction. This helps prevent fraud, errors, and abuse of resources. While open work environments and following strict hiring procedures may contribute to a positive work environment, they are not direct components of internal control. Rigid rules can be helpful, but they should be balanced with flexibility to allow for necessary adjustments in processes and transactions.

A Good Internal Control System Includes