Which one of the following is considered one of the six most important categories of internal control procedures?
A) Computerized accounting systems
B) The board of directors
C) Proper authorizations
D) Verification by government agencies

Question

Quizplus · Accepted Answer

Proper authorizations are considered one of the six most important categories of internal control procedures. Other categories include segregation of duties, physical safeguards, accounting records, independent checks, and competent personnel. Choices A, B, and D are not one of the six categories.

Which One of the Following Is Considered One of the Six