Question: Identify the principles of internal control by selecting the correct answers below. Multiple select question. Insure assets. Separate recordkeeping from custody of assets. Establish responsibilities.
Identify the principles of internal control by selecting the correct answers below.
Multiple select question.
Insure assets.
Separate recordkeeping from custody of assets.
Establish responsibilities.
Perform regular and independent reviews.
Maintain adequate records.
Match revenues with expenses in the same accounting period.
Apply technological controls.
Record assets at cost
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