Principles of internal control include all of the following except:

Principles of internal control include all of the following EXCEPT:
A. Divide responsibilities for related transactions.
B. Perform regular and independent reviews.
C. Separate recordkeepinf from custody of assets.
D. Maintaining security by having one person track and record assets.
E. Apply technological controls.

Answer

Solution: Principles of internal control include all of the following except “Maintaining security by having one person track and record assets”.

Hence option “D” is correct.

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