The principles of internal control include: A

Business Feb 02, 2021

The principles of internal control include:

A. Separate recordkeeping from custody of assets.

B. Maintain minimal records.

C. Use only computerized systems.

D. Bond all employees.

E. Require automated sales systems.

Expert Solution

The correct answer is A. Separate recordkeeping from custody of assets.

Separate recordkeeping from custody of assets is one of the principles of internal control, in which segregation of duties are applied. Recordkeeping should be assigned to one person who is not assigned to the custody of the assets in order to prevent fraud.

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