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Did I answer this correctly? Will thumbs up if correct. Janice and Stephen are discussing the recent installation of an evaluated receipt settlement system by

Did I answer this correctly? Will thumbs up if correct.

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Janice and Stephen are discussing the recent installation of an evaluated receipt settlement system by one of their major audit clients. Janice notes that there are various types of controls in an ERS system. Stephen asks Janice to provide an example of such a control. Which of the following represents her best response? An ERS system generates regular reports on discrepancies that have arisen when comparing the receiving report to the associated liability, pertaining to the occurrence assertion. An ERS system generates reports relating to the period in which goods were received compared to the period the goods were recorded in the general ledger, pertaining to the completeness assertion. An ERS system generates regular reports pertaining to receiving reports that do not have a corresponding liability recorded, which pertains to the cutoff assertion. None of these answer choices are correct

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