A recommended internal control procedure for taking physical inventories is that the counting should be done by employees who do not have custodial responsibility for the inventory. This is an example of what type of internal control procedure?

Respuesta :

Answer: Physical audit of assets

Explanation: In simple words physical audit means physical counting  of assets that are recorded in the accounting system of the company. This internal control procedure is used by organisations to detect the dicrepancies that are not easily detectable without hand counting.

Thus, as per the given case we can state that the internal procedure used by the firm is physical audit of assets.