B) An audit trail provides the means to check the accuracy and validity of ledger postings. D) An audit trail is automatically created in every computer-bascd information system. 39) Which statement below is true with regards to an audit trail? A) An audit trail begins with the general journal C) An audit trail is a summary of recorded transactions A) Sam uses a computerized information system to keep track of all the financial data generated B) Jim has a system that keeps track of the cash receipts and cash disbursements of his mowing 40) Which of the following is an example of an ERP system? by her restaurant. business. At the end of each month, the system helps him to prepare a monthly profit and loss C) Jane is a freelance photographer. She keeps records of all expenses and revenues on her cell D) Claire keeps records of all her business records in an Excel file. Each week she enters all of statement phone app and the files are uploaded to the cloud on a regular basis... the data into a system that automatically generates purchase orders, based on predetermined inventory reorder points. Production quotas for the coming week are also automatically generated based on customer orders 41) Implementation of an ERP system requires effective segregation of responsibility for A) recording, risk assessment, and control procedures B) authorization, monitoring, and risk assessment. C) recording and monitoring of organizational assets D) authorization, recording, and custody of organizational assets 42) All of the following are advantages of an ERP system except A) in an ERP, data input is captured or keyed once. B) ERPS permit management to gain greater visibility into every area of the enterprise. C) it takes considerable experience and training to use an ERP system effectively. D) ERPS permit manufacturing plants to receive new orders in real time. Use the chart below to answer the following questions regarding flow chart symbols. a1 #2 #3 #9 #6 #10 #13 #12 #16 #14 #15 #11