Which of the following is not an example of independent verification?
A) comparing fixed assets on hand to the accounting records
B) performing a bank reconciliation
C) comparing the accounts payable subsidiary ledger to the control account
D) permitting authorized users only to access the accounting system

Question

Quizplus · Accepted Answer

Permitting authorized users only to access the accounting system is an example of access controls, not independent verification. Independent verification involves using an independent third party to confirm the accuracy of information or transactions. Examples include comparing fixed assets on hand to accounting records, performing a bank reconciliation, and comparing subsidiary ledgers to control accounts.

Which of the Following Is Not an Example of Independent