Multiple Choice
Which of the following control activities should be taken to reduce the risk of incorrect processing in a newly installed computerized accounting system?
A) Segregation of duties.
B) Ensure proper authorization of transactions.
C) Adequately safeguard assets.
D) Independently verify the transactions.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Which of the following is an example
Q13: Internal controls guarantee the accuracy and reliability
Q14: In the event identification component of the
Q15: In a computerized environment,internal controls can be
Q16: Reconciliation of cash accounts may be referred
Q18: Each of the following types of controls
Q19: Tracing shipping documents to pre-numbered sales invoices
Q20: Segregation of duties reduces the risk of
Q21: The framework to be used by management
Q22: The Sarbanes-Oxley Act (SOX)was passed as a