4.5 Identify the elements of a good internal control system
1) The delegation of authority and leadership is part of the control environment of an internal control system.
2) Separation of duties is part of the control environment of an internal control system.
3) Having security measures, proper authorization channels, and restricted access to assets is an example of what element of internal control?
4) Details that support business transactions make up a(n) __________.
5) Employing competent employees would be an example of what element of internal control?
6) Provide examples of good control activities.
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