The principles of internal control include which of the following?
A) Use only computerized systems
B) Establish responsibility
C) Maintain perpetual inventory records
D) Eliminate fraud

Question

Quizplus · Accepted Answer

Establishing responsibility is a key principle of internal control, as it helps to ensure that tasks are assigned to specific individuals who are held accountable for their completion. The other choices, such as using only computerized systems or eliminating fraud, may be components of internal control but are not principles in and of themselves. Maintaining perpetual inventory records is also important for effective internal control but is not one of the primary principles.

The Principles of Internal Control Include Which of the Following