Internal controls are classified by
A) function and technology.
B) physical and computer.
C) function and where in a business process the control exists.
D) technology and where in a business process the control exists.

Question

Quizplus · Accepted Answer

Internal controls are often classified by their function (e.g., preventive, detective, corrective) and where in a business process the control exists (e.g., at the input, processing, or output stage). This classification helps in understanding the purpose of the control and its placement within the process for maximum effectiveness.

Internal Controls Are Classified by