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Which of the following best demonstrates the connection between ethics and the internal control principle of proper custody of assets? Since most of the valuable
Which of the following best demonstrates the connection between ethics and the internal control principle of proper custody of assets? Since most of the valuable assets controlled by organizations today are knowledge based and intellectual in nature, good controls over physical assets are not as important as they once were. Ethics and internal controls are not truly connected, so there is no real reason to connect custody of assets to the ethical behavior of employees. Proper custody of assets and ethical policies are always directly linked since all internal controls are linked to maintain ethical behavior. Maintaining a strong set of internal controls to safeguard organizational assets is an excellent preventive step to help keep unethical behavior from occurring
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