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Consider the following list of internal controls. For each control classify it either as a preventive control or a detective control. Also classify each
Consider the following list of internal controls. For each control classify it either as a preventive control or a detective control. Also classify each control as either a manual control, an IT dependent manual control, at IT application control, or a IT general control. a. b. C. d. e. f. g. Software will not allow a sale to be processed to a customer that has exceeded its credit limit. Personnel responsible for running computer programs are prevented from accessing and changing computer software. Computer software generates a daily report of all shipping documents (bills of lading) that have not resulted in a sales invoice. An accounting clerk follows-up on a computer- generated report of all shipping documents (bills of lading) that have not resulted in a sales invoice, to determine if an invoice should be generated. An accounting employee performs a monthly bank reconciliation. Valuable inventory is stored in a locked storeroom where access is limited to a few key individuals. Management reviews business risks quarterly (or as significant risks emerge) and documents controls
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