Which of the statements below explains how technology has impacted internal control systems? (Check all that apply.) Technology increases job creation and fewer job consolidations. Technology has reduced the number of processing errors. Technologically advanced systems can record who made entries, the date and time of the entry and the source of the entry. Technology can be designed to require the use of password before access to the system is granted. Technology has encouraged the growth of e-commerce, so there is a higher risk of credit card number theft.

Which of the statements below explains how technology has impacted internal control systems? (Check all that apply.) Technology increases job creation and fewer job consolidations. Technology has reduced the number of processing errors. Technologically advanced systems can record who made entries, the date and time of the entry and the source of the entry. Technology can be designed to require the use of password before access to the system is granted. Technology has encouraged the growth of e-commerce, so there is a higher risk of credit card number theft.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Which of the statements below explains how technology has impacted internal control systems? (Check all that apply.)
Technology increases job creation and fewer job consolidations.
Technology has reduced the number of processing errors.
Technologically advanced systems can record who made entries, the date and time of the entry and the source of the entry.
Technology can be designed to require the use of password before access to the system is granted.
Technology has encouraged the growth of e-commerce, so there is a higher risk of credit card number theft.

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