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The principles of internal control include: Multiple Choice Separate recordkeeping from custody of assets. Maintain minimal records. Use only computerized systems. Bond all employees. Require automated sales systems.

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The principles of internal control include A. Separate recordkeeping from the custody of assets.

What is internal control?

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:

  • Control environment
  • Risk assessment
  • Control activities
  • Information and communication
  • Monitoring.

Thus, the principles of internal control include A. Separate recordkeeping from the custody of assets.

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