Which of the following represent internal control principles?

Question

Quizplus · Accepted Answer

All of the choices (A, B, and C) represent internal control principles.

A) Job rotation - This is a principle of internal control that involves rotating employees among different positions or areas of responsibility to minimize the risk of fraud or errors caused by employees becoming too comfortable in their roles.

B) Segregation of duties - This principle involves separating tasks and authorizations between different individuals to prevent any individual from having too much control over a particular process or function.

C) Restricted access to assets - This principle involves limiting access to valuable assets, such as cash or inventory, to authorized individuals to prevent theft or misuse.

Therefore, all of the choices (A, B, and C) represent internal control principles.

Which of the Following Represent Internal Control Principles