The cornerstone of internal control procedures is:
A) having competent, reliable and ethical personnel.
B) having periodic audits.
C) having inventory control.
D) having separation of duties.

Question

Quizplus · Accepted Answer

Separation of duties is a fundamental principle in internal control that helps prevent errors and fraud by ensuring that no single individual has control over all aspects of a financial transaction.

The Cornerstone of Internal Control Procedures Is