Which of the following techniques can be used to evaluate the effectiveness and efficiency of internal controls?
A) Review of the accounting policies and procedures in place
B) Interviews with management and employees
C) Consideration of the risk of management's override of controls
D) All of the above

Question

Quizplus · Accepted Answer

All of the listed techniques can be used to evaluate the effectiveness and efficiency of internal controls. Reviewing the accounting policies and procedures in place can help identify gaps or weaknesses in the control system. Interviews with management and employees can provide insights into how well the controls are working and whether there are any areas for improvement. Considering the risk of management's override of controls is important because management can sometimes intentionally or unintentionally circumvent controls, which can lead to fraud or errors. Therefore, a comprehensive evaluation of internal controls should include all of these techniques.

Which of the Following Techniques Can Be Used to Evaluate