Which of the following internal control features would an auditor be least likely to review?
A)Segregation of the asset-handling and record-keeping functions.
B)Company policy regarding credit and collection efforts.
C)Classification of sales and cost records by products.
D)Authorisation of additions to plant and equipment.

Question

Quizplus · Accepted Answer

While all of these internal control features are important, reviewing the classification of sales and cost records by products is the least likely to be a focus of an auditor's review. This feature may be relevant to assessing the accuracy of financial statements, but it is not as central to evaluating the effectiveness of internal controls as the other options listed.

Which of the Following Internal Control Features Would an Auditor