A company has a policy that the internal audit department should audit records of every division once each year. This is an example of which type of general accounting control?

Question

Quizplus · Accepted Answer

The policy of auditing records of every division once each year is an example of Regular independent reviews, which is a type of general accounting control. It helps ensure the accuracy and completeness of financial records and provides an opportunity for identifying and correcting errors or discrepancies.

A Company Has a Policy That the Internal Audit Department