E. Wilson & Sons, Inc. hired a consulting team from Chesapeake and Associates to discuss application controls
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E. Wilson & Sons, Inc. hired a consulting team from Chesapeake and Associates to discuss application controls for the company’s accounting data processing. In one of the workshops, the seminar leader stated, ‘‘we can classify all errors in processing accounting data as either accidental or intentional. Controls such as edit tests are primarily aimed at the former type of error, whereas personnel controls are primarily aimed at the latter type of error.’’
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We agree with the seminar leaders statement that all errors in processing accounting data can be cla...View the full answer
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Related Book For
Core Concepts Of Accounting Information Systems
ISBN: 9780470507025
11th Edition
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
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