Which Internal Control Procedure Is Followed When Storage Areas Are

question 23

Multiple Choice

Which internal control procedure is followed when storage areas are secured with limited access?

• A) Segregation duties
• B) Safeguarding assets and records
• C) Independent verifications
• D) Proper authorizations

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Definitions:

Logic

The systematic study of the form of arguments; a branch of philosophy dealing with the principles of reasoning and argumentation.

Appeal To Majority

A fallacy in reasoning that argues that a proposition must be true because many or most people believe it.

Fallacy

A flaw in reasoning or a mistaken belief based on unsound argumentation.

Experts

Individuals who have extensive knowledge or proficiency in a specific field.