The principles of internal control include which of the following?

Question

Quizplus · Accepted Answer

Establishing responsibilities is a principle of internal control which involves assigning specific duties and responsibilities to each employee, ensuring that no one person has too much control over a particular process. The use of computerized systems and maintaining perpetual inventory records may be helpful in implementing internal controls, but they are not principles in themselves. Eliminating fraud is an ideal outcome of internal control, but it is not a specific principle.

The Principles of Internal Control Include Which of the Following