Which of the following statements regarding the authorization of general ledger posting is NOT true?
A)Posting to the general ledger always requires specific authorization.
B)User IDs and passwords can serve as authorization to post transactions to the general ledger.
C)A journal voucher serves as authorization for manual systems.
D)As IT systems become more automated, the authorization of general ledger posting is moved to lower levels of employees.

Question

Quizplus · Accepted Answer

Posting to the general ledger does not always require specific authorization. In many systems, routine transactions are posted automatically without specific authorization for each transaction. The statement that posting always requires specific authorization is not true, as automated systems and predefined rules can allow for transactions to be posted without individual, specific approvals.

Which of the Following Statements Regarding the Authorization of General