Risk of Inaccurately Recording Transactions in Journal Accounts Physical Controls Transaction Authorization Accounting Records Prenumbered Documents Special
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Risk of Inaccurately Recording Transactions in Journal Accounts
Physical Controls
Transaction Authorization
Accounting Records
Prenumbered Documents
Special Journals
Subsidiary Ledgers
General Ledgers
Files
Independent Verification
IT Controls
Data Input Edits
Automated Posting to Subsidiary and GL Accounts
File Backup
Risk of Misappropriation of Cash Receipts and Inventory
Physical Controls
Transaction Authorization
Supervision
Access Controls
Segregation of Duties
IT Controls
Multilevel Security
Risk of Unauthorized Access to Accounting Records ad Reports
Physical Controls
Access Controls
Segregation of Duties
IT Controls
Passwords
Multilevel Security
Expert Answer:
The detailed answer for the above question is provided below Internal controls are the policies and procedures that an organization implements to mitigate risks and ensure the accuracy and reliability ... View the full answer
Related Book For 
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
Posted Date:
