Assume when completing step 10 you entered -1000 because the bank account is being reduced by a
Question:
Assume when completing step 10 you entered -1000 because the bank account is being reduced by a payment. Note the error message at the bottom of the screen after selecting enter.
What kind of application control is present in this situation? Explain?
Which transaction-related internal control is most enhanced in this situation? Explain?
The transaction related internal control objectives are A particular transaction is properly authorized, A particular transaction is valid, A particular transaction is recorded, and A particular transaction is recorded accurately?
The application controls are completeness check, field check, limit check, range check, reasonableness test, sign check, size check, validity check, closed loop verification, and zero balance test?
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley