Which of the following best represents internal financial control?
Type: MCQ • Marks: 1
Which of the following best represents internal financial control?
Options
A. Judicial review of legislation
B. Systems and procedures designed to safeguard resources and ensure authorised expenditure
C. Election expenditure monitoring by political parties
D. External diplomatic negotiations
Explanation
Internal financial control includes authorisation procedures, segregation of duties, reconciliation, documentation and safeguards against misuse of public resources.
UPSC Principal & Vice PrincipalManagement Finance Administration
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