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.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!