
The following are examples of internal controls which operate at Alex plc.
For the example below, select the type of control activity which it illustrates.
-There are two keys to the locked finance department safe: one held by the finance director (Stuart) and the other by the managing director (Alex).
Select ONE answer:
- Authorisation
- Information processing
- Segregation of duties
- Physical control
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 4
- Not correct
- Not correct
- Not correct
- Correct => It is a physical control

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