Internal Controls in an Evaluated Receipts Settlement (ERS) System _______

Multiple Choice

Internal controls in an Evaluated Receipts Settlement (ERS) system _______.

A) are generally not required
B) are dissimilar to internal controls in a traditional computerized system
C) are similar to internal controls in a traditional computerized system
D) should be audited by the internal audit function, due to their increased familiarity with this function