Question 5 Basic control procedures used to promote effective internal control include: proper authorization of transactions and activities. assigning different persons the responsibility of authorizing and recording transactions, and holding assets. limiting access to assets and records to authorized persons. All of the above. Question 6 Internal auditing is a company function that: Audits the firm's financial statements and expresses an opinion on them All of the above Provides independent appraisals of the company's financial statements, its internal control, and its operatic Prepares the firm's income tax returns Od