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List three points for good internal control over movable fixed assets.

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Final answer:

Effective internal control over movable fixed assets includes regular inventory checks, asset labeling, and segregation of duties.


Explanation:

Good internal control over movable fixed assets is crucial for organizations to safeguard their resources effectively. Three key points for achieving this include:

  1. Regular physical inventory checks: Conducting periodic physical counts of assets to ensure they match the recorded amounts.
  2. Asset labeling and tracking: Using unique asset tags or codes to track the location and movement of assets.
  3. Segregation of duties: Implementing separation of responsibilities in asset handling, such as custody, recordkeeping, and authorization, to prevent fraud.

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