Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
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
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. An accounting employee performs a monthly bank reconciliation. select a type of control Detective controlPreventive control select a type of control IT Application ControlIT Dependent Manual ControlIT General ControlManual Control Valuable inventory is stored in a locked storeroom where access is limited to a few key individuals. select a type of control Detective controlPreventive control select a type of control IT Application ControlIT Dependent Manual ControlIT General ControlManual Control Management reviews business risks quarterly (or as significant risks emerge) and documents controls intended to respond to risks. select a type of control Detective controlPreventive control select a type of control IT Application ControlIT Dependent Manual ControlIT General ControlManual Control Computer software will only allow paychecks to be written to individuals who are on a master employee file. select a type of control Detective controlPreventive control select a type of control IT Application ControlIT Dependent Manual ControlIT General ControlManual Control Management reviews a report of variances from budget monthly and investigates unusual variances. select
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started