For each of the four components of a financial reporting process, discuss how information technology can be
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For each of the four components of a financial reporting process, discuss how information technology can be used to reduce the likelihood or impact of a material misstatement. Also, describe how using information technology could increase the likelihood or impact of a material misstatement without effective automated controls.
a. Source documents and transactions
b. Journals
c. General and subsidiary ledgers
d. Financial statements
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Related Book For
Auditing Assurance And Risk
ISBN: 9780324313185
3rd Edition
Authors: W. Robert Knechel, Steve Salterio, Brian Ballou
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