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8 Cards in this Set
- Front
- Back
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Collusion |
Internal control can not always safeguard against this problem |
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Separation of duties |
Often mentioned as the cornerstone of a good system of internal control |
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Competent personnel |
Pay employees enough to require them to do a good job |
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Encryption |
This procedure limits access to sensitive data |
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Firewalls |
This procedure limits access to sensitive data |
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Fidelity bond |
Type of insurance policy covers losses due to employee theft |
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Supervision |
Trusting your employees can lead to you to overlook this procedure |
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Safeguarding assets |
This is the most basic purpose of internal control |
