Which internal control procedure is followed when storage areas are secured with limited access?
A) Segregation duties
B) Safeguarding assets and records
C) Independent verifications
D) Proper authorizations

Question

Quizplus · Accepted Answer

Safeguarding assets and records is the internal control procedure followed when storage areas are secured with limited access. This ensures that only authorized personnel have access to the assets and records, reducing the risk of theft, loss, or damage. Segregation duties, independent verifications, and proper authorizations are important internal control procedures, but they are not specifically related to securing storage areas with limited access.

Which Internal Control Procedure Is Followed When Storage Areas Are