Internal controls for the accounting system are incomplete without IT controls.

Question

Quizplus · Accepted Answer

IT controls are an essential part of internal controls for the accounting system. IT controls ensure the reliability, accuracy, and security of financial information and prevent unauthorized access and fraud. Without IT controls, the accounting system's internal controls would be incomplete and susceptible to errors, omissions, and fraudulent activities. Therefore, organizations must establish and maintain effective IT controls to complement their traditional internal controls for the accounting system.

Internal Controls for the Accounting System Are Incomplete Without IT