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Questions and Answers
Performance reviews are a type of control activity that involve analysis of financial statements.
Performance reviews are a type of control activity that involve analysis of financial statements.
False (B)
Information processing controls aim to ensure accuracy, completeness and authorization of transactions in the system.
Information processing controls aim to ensure accuracy, completeness and authorization of transactions in the system.
True (A)
Segregation of duties in manual information systems refers to the separation of record keeping, execution, custody and reconciliation activities.
Segregation of duties in manual information systems refers to the separation of record keeping, execution, custody and reconciliation activities.
True (A)
Performance reviews are a type of control activity that involve analysis of financial statements.
Performance reviews are a type of control activity that involve analysis of financial statements.
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Application and General Controls are put in place to protect only outside IT resources of the company.
Application and General Controls are put in place to protect only outside IT resources of the company.
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Segregation of Duties in Manual Information System includes the separation of 5 activities instead of 4.
Segregation of Duties in Manual Information System includes the separation of 5 activities instead of 4.
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