The advantages of using IT-based accounting systems, where the details of transactions are entered directly into the computer include:
A)Computer controls can compensate for the lack of manual controls
B)Loss of audit trail view
C)Increased internal controls risks
D)Fewer opportunities to authorize and review transactions

Question

Quizplus · Accepted Answer

The use of IT-based accounting systems with direct entry of transaction details into the computer allows for computer controls that can compensate for the lack of manual controls. This can increase the efficiency and accuracy of accounting processes while also reducing the risk of errors and fraud. The other choices listed are disadvantages or risks associated with using such systems.

The Advantages of Using IT-Based Accounting Systems, Where the Details