Which of the following is not a principle of internal control?

Question

Quizplus · Accepted Answer

Placing excess cash on fixed deposit to earn interest is not a principle of internal control. The principles of internal control include establishing clear lines of responsibility, division of responsibility for related transactions, separation of record keeping and custody of assets, among others. Placing excess cash on fixed deposit is a financial management decision, but it does not relate directly to internal controls.

Which of the Following Is Not a Principle of Internal