Internal controls include all of the following except:
A) using contingent compensation plans.
B) requiring management authorization for the use of a company's assets.
C) reconciling various sets of books.
D) requiring employees to take vacations.

Question

Quizplus · Accepted Answer

Contingent compensation plans are not a part of internal controls; they are related to employee compensation strategies. Internal controls focus on safeguarding assets, ensuring accurate financial reporting, and promoting operational efficiency.

Internal Controls Include All of the Following Except