Question

Which of the following are principles of internal control? (Check all that apply.)

A. Segregation of duties
B. Minimal supervision
C. Centralized record-keeping
D. Physical security measures

Answer 1

Principles of internal control include segregation of duties, centralized record-keeping, and physical security measures. Hence the correct answer is option A , C and D

Step-by-step explanation:

Principles of internal control are key components of an effective system for managing and safeguarding a company's assets. The correct principles of internal control out of the options listed are:

1. Segregation of duties: This principle ensures that no single individual has control over all aspects of a transaction, reducing the risk of fraud or errors going undetected.
2. Centralized record-keeping: This principle promotes accuracy and accountability by consolidating the recording and reporting of financial transactions in one central location.
3. Physical security measures: This principle protects physical assets from theft, damage, or unauthorized access.

Hence the correct answer is option A , C and D