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IT Controls That the Auditor Might Expect to Find in the Long-Term

Question 53

Multiple Choice

IT controls that the auditor might expect to find in the long-term and owner's equity process are


A) Long-term debt is recorded when cash related to debt issues is entered
B) increases in the common stock account and the additional paid in capital account are supported by decreases in either cash or assets
C) deferred interest entries must be supported by information about the principle,interest rate,and origination date of the debt
D) IT system restricts access to individuals authorized to input debt transactions and stock transactions
E) Treasury stock transactions are reported to the board of directors
F) both A and B
G) both A and D
H) both C and E

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