The two broad categories of transaction control are
A) general controls and specific controls.
B) general controls and application controls.
C) general controls and basic controls.
D) basic controls and application controls.

Question

Quizplus · Accepted Answer

The two broad categories of transaction control are general controls and application controls. General controls are designed to ensure the overall effectiveness and efficiency of an organization’s IT environment, including its security and access controls, while application controls are specific to individual applications and ensure the accuracy, completeness, and validity of transaction processing. Therefore, option B is the correct answer as it correctly identifies the two categories of transaction controls.

The Two Broad Categories of Transaction Control Are