To reduce the risks of incomplete and inaccurate data during data extraction and validation in the process of updating general ledger,which of the following controls can be used?
A)Batch totals
B)Hash totals
C)Use ledger control accounts
D)All of the options are correct.

Question

Quizplus · Accepted Answer

All of the options mentioned are controls that can be used to reduce the risks of incomplete and inaccurate data during data extraction and validation in the process of updating a general ledger. Batch totals help ensure that the total number of transactions processed matches the expected number. Hash totals, which are sums of non-financial data, help verify that a batch of transactions hasn't been altered. Ledger control accounts provide a way to verify the accuracy of detailed accounts by comparing them to a summary-level account.

To Reduce the Risks of Incomplete and Inaccurate Data During