The internal control procedures in Valentine Company result in the following provisions.

Identify the principles of internal control that are being followed in each case.

(a)Employees who have physical custody of assets do not have access to the accounting records.select a principle of internal control

Independent Internal Verification

Segregation of Duties

Documentation Procedures

Physical Controls

Establishment of Responsibility

Human Resource Controls

(b)Each month, the assets on hand are compared to the accounting records by an internal auditor.select a principle of internal control

Human Resource Controls

Documentation Procedures

Independent Internal Verification

Physical Controls

Establishment of Responsibility

Segregation of Duties

(c)A prenumbered shipping document is prepared for each shipment of goods to customers.select a principle of internal control

Physical Controls

Documentation Procedures

Human Resource Controls

Independent Internal Verification

Segregation of Duties

Establishment of Responsibility