The internal control that requires an "independent verification of calculations and amounts" satisfies the objective of
A)occurrence.
B)completeness.
C)accuracy.
D)posting and summarization.

Question

Quizplus · Accepted Answer

Independent verification of calculations and amounts checks for accuracy in financial statements by ensuring the numbers are correct. This internal control helps detect errors and reduce the risk of misstatements.

The Internal Control That Requires an "Independent Verification of Calculations