The principles of internal control include A. Separate recordkeeping from the custody of assets.
Internal control is a process that management institutes to provide assurance about the reliability, accuracy, and timeliness of records.
Internal control also helps management to comply with applicable laws, regulations, contracts, policies, and procedures.
The focus of good internal control is on:
Thus, the principles of internal control include A. Separate recordkeeping from the custody of assets.
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