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Consider the following list of internal controls. For each controls classify it either as a preventive control or a detective control. Also classify each control
Consider the following list of internal controls. For each controls 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. Software will not allow a sale to be processed to a customer that has exceeding its credit limit. h. Computer software will only allow paychecks to be written to individuals who are on a master employee file..An accounting employee performs a monthly bank reconciliation. j. Password controls limit access to specific computer files and software applications. Passwords are changed regularly. h. . Management reviews a report of variances from budget monthly and investigates unusual variances
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