9. Misappropriation of assets can be avoided thru provision of input data edits as IT Control

True

False

10. In an automatic data processing system, the tasks of posting to General Ledger accounts are automatically performed.

True

False

11. The reconciliation of products received, shipping notice, and copy of sales order is a form of what control?

a. IT control

d. All of the above

c. Transaction authorization

b. Independent Verification

12. Which of the following is a great example of independent verification

a. 3-way Match for Receiving Report, Purchase Order, and Accounts Payable Open File

b. The need for an approved sales order from the Credit Check Department

c. Accounting department to maintain records for the inventory while warehouse employee maintains custody of the inventory

d. Receiving Department to inspect and count received goods