Principles of Internal Control Include All of the Following Except

question 42

Multiple Choice

Principles of internal control include all of the following except:

• A)Apply technological controls.
• B)Maintaining security by having one person track and record assets.
• C)Perform regular and independent reviews.
• D)Separate recordkeeping from custody of assets.
• E)Divide responsibilities for related transactions.

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Definitions:

Attribution Process

The cognitive process by which individuals assign cause or motive to their own and others' actions.

Fundamental Attribution Error

A cognitive bias that involves overestimating the influence of personality or character traits on behavior while underestimating external factors.

Self-Fulfilling Prophecy

An anticipation that, because of a loop of positive interaction between behavior and belief, causes its own fulfillment either directly or indirectly.

Rarely Asks

Refers to individuals or entities that infrequently seek information, clarification, or assistance from others.