Question: Quantity Dairy engages a Certified Public Accounting (CPA) firm to perform an annual audit on the company. This is an example of which principle of internal control.
A) Separate recordkeeping form custody of assets.
B) Establish responsibility.
C) Apply technological controls.
D) Maintain adequate records.
E) Perform regular and independent reviews.
F) Insure assets and bond key employees
G) Divide responsibility for related transactions.