Multiple Choice
Gift Stores Ltd has a fully integrated IT accounting system and is planning to issue credit cards to creditworthy customers.To strengthen the internal control by making it difficult for one to fraudulently create a customer account number, a check digit should be placed:
A) at the beginning of a valid account number, only.
B) in the middle of a valid account number, only.
C) at the end of a valid account number, only.
D) consistently in any position.
Correct Answer:

Verified
Correct Answer:
Verified
Q60: The completeness of IT-generated sales figures can
Q61: Emerald Ltd maintains a large, full-time internal
Q62: The conclusion reached as a result of
Q63: Internal control procedures within the IT activity
Q64: Which of the following internal control features
Q66: When erroneous data are detected by computer
Q67: An advantage of using systems flowcharts to
Q68: Which of the following information is likely
Q69: Which of the following would lessen the
Q70: The auditor's understanding of the client's internal