Assuring that cash collections recorded in the cash receipts event data are credited to the right customer in the accounts receivable master data addresses the control goal of:
A) ensure input accuracy
B) ensure input completeness
C) ensure update accuracy
D) ensure update completeness

Question

Quizplus · Accepted Answer

The control goal being addressed is ensuring update accuracy, which involves ensuring that updates to master data are accurate and reflect the correct information. In this case, cash collections need to be accurately credited to the correct customer in the accounts receivable master data. Input accuracy and completeness refer to the accuracy and completeness of data entered into the system, while update completeness refers to ensuring that all required updates are made to master data when necessary.

Assuring That Cash Collections Recorded in the Cash Receipts Event