Question: Explain how each transaction-related control objective is enhanced by comparing actual to planned/budgeted results. *Transaction-related control objectives: A particular transaction is properly authorized (i.e., should
Explain how each transaction-related control objective is enhanced by comparing actual to planned/budgeted results.
*Transaction-related control objectives:
A particular transaction is properly authorized (i.e., should have occurred).
A particular transaction is valid (i.e., did occur).
A particular transaction is recorded (i.e., the transaction has been posted in the records).
A particular transaction is recorded accurately (such as correct account; amounts, including any necessary reevaluations; dates; etc. being updated in records).
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Comparing actual to plannedbudgeted results enhances each transactionrelated control objective in the following Proper Authorization By comparing actu... View full answer
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