Which of the following statements is FALSE?
A) As computerized accounting systems become more complex, there are usually fewer manual processes.
B) With more automation in computerized accounting systems, responsibility for authorization gets moved to lower levels of employees.
C) Approvals for each journal voucher are general authorizations instead of a specific authorization.
D) None of the above are false.
Correct Answer:
Verified
Q63: Select the correct statement from those listed
Q64: Select the correct statement from the following:
A)General
Q65: While using a manual general ledger system,
Q66: The factor that does NOT affect internal
Q67: IT controls over computer records and physical
Q69: The four general purpose financial statements are:
A)Generated
Q70: Segregation of duties:
A)Remains unchanged between computerized and
Q71: Financial statements:
A)Are generated from the values of
Q72: Security of source documents:
A)Is essential for both
Q73: The external general purpose financial statements/reports include
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