The procedures adopted by a business to safeguard its assets, promote the reliability of accounting data and encourage compliance with management policies are:

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The procedures adopted by a business to safeguard its assets, promote the reliability of accounting data and encourage compliance with management policies refers to internal controls. Internal controls are used to ensure that the company's assets are protected from theft or misuse, that the financial statements are accurate, and that employees comply with company policies. Physical controls are a part of internal controls, but they only focus on the protection of assets from theft or unauthorized access. Cash budgets and bank reconciliations are helpful tools in managing cash flows, but they are not specifically related to internal controls.

The Procedures Adopted by a Business to Safeguard Its Assets