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Question #11 Internal Control Principles (6 points) Internal control principles common to most, if not all, companies include: Required: Establishing responsibilities only over assets? Circle:
Question #11 Internal Control Principles (6 points)
Internal control principles common to most, if not all, companies include:
Required:
- Establishing responsibilities only over assets? Circle: True or False
- Maintaining 100% accurate records? Circle: True or False
- Insure assets? Circle: True or False
- Separate recordkeeping from custody of assets? Circle: True or False
-
Perform control reviews only after problems? Circle: True or False
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Introduction to Finance Markets, Investments and Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
16th edition
1119398282, 978-1-119-3211, 1119321115, 978-1119398288
