Principles of Internal Control Include

question 13

Multiple Choice

Principles of internal control include:

• A) Establish responsibilities.
• B) Maintain adequate records.
• C) Insure assets.
• D) Bond key employees.
• E) All of these answers are correct.

---

Definitions:

Well-informed Sense

Having or showing a deep understanding and awareness of a topic or situation, based on accurate and comprehensive information.

Draft Message

An initial version of a message that is not yet finalized and might undergo changes before being sent or published.

Formal Network

A structured system of communication channels established within an organization to facilitate the flow of information.

Information Exchange

The process of sharing or transferring information between people, organizations, or systems.