To Improve Accountability for Fixed Asset Retirements, Management Most Likely

question 19

Multiple Choice

To improve accountability for fixed asset retirements, management most likely would implement a system of internal control that includes:

• A)continuous analysis of the repairs and maintenance account.
• B)periodic inquiry of plant executives by internal auditors as to whether any plant assets have been retired.
• C)a level of authorization above the department initiating the retirement.
• D)periodic inspection of insurance policies by the internal auditors.

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