Question: An example of a control designed to validate a transaction at the point of data entry is recalculation of a batch total. a record count.

An example of a control designed to validate a transaction at the point of data entry is

recalculation of a batch total.

a record count.

a check digit.

checkpoints.

recalculation of hash total.

Application controls are classified as

input, processing, and output.

input, processing, output, and storage.

input, processing, output, and control.

input, processing, output, storage, and control.

collecting, sorting, summarizing, and reporting.

Which of the following is NOT an element of the fraud triangle?

Ethics

Justifiable reliance

Situational pressure

0pportunity

All the above are elements.

How are transactions in real-time processing systems edited?

In a separate computer run

In online mode as transactions are entered

During a backup procedure

Not edited due to time constraints

Editing transactions in real-time is not necessary.

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