Which of the following is not a characteristic of good internal control?

Question

Quizplus · Accepted Answer

Joint responsibility for assets is not necessarily a characteristic of good internal control as it could lead to confusion and a lack of accountability. Instead, segregation of duties and clear lines of responsibility are better practices for ensuring good internal control. The other options are all important components of good internal control. Insurance of assets protects against loss, regular bank reconciliations ensure that all transactions are recorded accurately, and rotation of employees over a range of tasks helps prevent fraud and error.

Which of the Following Is Not a Characteristic of Good