Which internal control procedure is followed when the work of one department acts as a check on the work of another?
A) Segregation of duties
B) Safeguarding assets and records
C) Independent verifications
D) Proper authorizations

Question

Quizplus · Accepted Answer

Independent verifications is the internal control procedure that is followed when the work of one department acts as a check on the work of another. This involves having a separate department or person review and verify the work done by another department, which helps ensure accuracy and prevent errors or fraud. Segregation of duties is a different control designed to prevent any one person from having too much control over a process or transaction, safeguarding assets and records involves measures that protect physical and digital assets, and proper authorizations refer to controls that ensure that only authorized individuals can initiate transactions or approve actions.

Which Internal Control Procedure Is Followed When the Work of One