To Improve Accountability for Fixed Asset Retirements, Management Most Likely

Multiple Choice

To improve accountability for fixed asset retirements, management most likely would implement a system of internal control that includes:

A) continuous analysis of the repairs and maintenance account.
B) periodic inquiry of plant executives by internal auditors as to whether any plant assets have been retired.
C) a level of authorization above the department initiating the retirement.
D) periodic inspection of insurance policies by the internal auditors.