The principles of internal control do not include:
A) establishment of responsibility.
B) documentation procedures.
C) management responsibility.
D) independent internal verification.

Question

Quizplus · Accepted Answer

The principles of internal control include establishment of responsibility, documentation procedures, and independent internal verification. However, management responsibility is not specifically listed as one of the principles. Instead, management is responsible for implementing and maintaining effective internal control systems.

The Principles of Internal Control Do Not Include