In which situations are manual controls preferable, and in which are IT controls preferable?
Answer to relevant QuestionsWhat risks and controls relate to recording and processing e-commerce transactions? Describe one manual and one IT control procedure designed to prevent a credit sale being processed without proper authorization by the credit manager. How does professional skepticism help financial statement auditors meet their responsibilities to communicate internal control deficiencies? An experienced auditor remarked that it is only necessary to check the additions and extensions on one invoice generated by an IT-based system, because if the computer program does one invoice correctly it will do them all ...Sally’s Craft Corner was opened in 2003 by Sally Moore, a fashion designer employed by Bundy’s Department Store.Sally is employed full-time at Bundy’s and travels frequently to shows and marts in Vancouver, Montreal, ...
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