IT controls over computer records and physical controls in general ledger storage areas minimize the related risk of:
A) Fraud and errors
B) Invalid general ledger postings
C) Theft and fraud
D) Amounts posted to wrong accounts
Correct Answer:
Verified
Q62: When transactions are posted in a computerized
Q63: Select the correct statement from those listed
Q64: Select the correct statement from the following:
A)General
Q65: While using a manual general ledger system,
Q66: The factor that does NOT affect internal
Q68: Which of the following statements is FALSE?
A)As
Q69: The four general purpose financial statements are:
A)Generated
Q70: Segregation of duties:
A)Remains unchanged between computerized and
Q71: Financial statements:
A)Are generated from the values of
Q72: Security of source documents:
A)Is essential for both
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