Using prenumbered checks and having an approved invoice for each check is an example of Select one: a. establishment of responsibility. b. independent internal verification C. segregation of duties. d. documentation procedures.

Q: What type of internal control would recalculating the totals on a computer report be?

A: Step 1:   The rules and procedures implemented by a company to ensure the integrity of the…

Q: What tools do auditors use to verify the ending balances in the various accounts in the acquisition…

A: Auditors are professionals who are responsible for examining and evaluating the financial records…

Q: 6. Input validation checks (application controls) are applied to every bill…

A: Management assertions are made by members of the management. In order to rely on these claims, the…

Q: The computer processing portion of a sales order system is represented by the flowchart. Answer the…

A: Data Processing: This is a batch processing system so as to make use of direct access storage…

Q: North Star prepared the following unadjusted trial balance at the end of its second year of…

A: Detailed explanation: Certainly! Let's break down the preparation of the adjusted trial balance for…

Q: Which of the following is an example of an input control? a.making sure report that are distributed…

A: Input controls are used to obtain responses from the interview user. each input control has…

Q: Controls used in the management of a computer center to minimize the possibility of using an…

A: Auditing is the process by which assertions made by management about financial transactions of a…

Q: What type of internal control is verifying source documents before recording transactions?

A: Step 1:   The verification of source documents means to check if all the documents relating to a…

Management Information Systems

While undertaking any business decisions, data is the most important aspect. An information system (IS) is a set of data, computing devices and management methods that support routine company operations. A management information system (MIS) is a specific subset of IS.