Which of the Following Controls Would Be Most Effective in Ensuring

Multiple Choice

Which of the following controls would be most effective in ensuring that the proper custody of assets in the investing cycle is maintained?

A) Direct access to securities in the safety deposit box is limited to only one corporate officer.
B) Personnel who post investment transactions to the general ledger are not permitted to update the investment subsidiary ledger.
C) The purchase and sale of investments are executed on the specific authorization of the board of directors.
D) Independent personnel periodically compare the recorded balances in the investment subsidiary ledger with the contents of the safety deposit box.