Auditing · Internal Control
The concept of 'Internal Check' in auditing primarily refers to a system that includes:
- 1Only accounting for errors at the end of the financial year
- 2An independent external audit of transactions
- 3The continuous routine verification of transactions by which the work of one person is automatically checked by another✓
- 4A statutory investigation conducted by government inspectors
Correct answer
The continuous routine verification of transactions by which the work of one person is automatically checked by another
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