Mechanical and electronic controls should be used, where possible, to protect assets and improve the accuracy of the accounting process. An example of such a device is:
I A burglar alarm
Ii A virus scanner
Iii Electronic funds transfer
Iv Insurance

Question

Quizplus · Accepted Answer

Only options i, ii, and iii are mechanical and electronic controls that protect assets and improve accounting accuracy. Insurance, option iv, is not a control but a risk management tool.

Mechanical and Electronic Controls Should Be Used, Where Possible, to Protect