An example of an internal control procedure to protect inventory is to limit access to inventory deliveries to the accountants.

Question

Quizplus · Accepted Answer

Limiting access to inventory deliveries to only accountants is not a comprehensive internal control procedure for protecting inventory. Other internal control procedures that could be implemented include maintaining accurate inventory records, conducting regular physical inventory counts, implementing security measures (such as locks and alarms) on storage areas for inventory, and conducting background checks on employees who have access to inventory.

An Example of an Internal Control Procedure to Protect Inventory