Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 29, 2024

is a control that can be used to reduce the likelihood of an error occurring when an extra digit is added to client's bank account

is a control that can be used to reduce the likelihood of an error occurring when an extra digit is added to client's bank account number.

Reasonableness checks

Check digit

Preformatted screens

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Benefit Analysis Theory And Application

Authors: Tevfik F. Nas

1st Edition

080397132X, 978-0803971325

More Books

Students also viewed these Accounting questions

Question

★★★★★

A country has two regions, the North and the South, which are identical in all respects except the hourly wage and the number of workers. The demand for labor in each region is: (a) What is the wage...

Answered: 1 week ago

Question

★★★★★

Construction of a small two-story house involves the tasks listed in the following table. The table also shows the estimated duration of each task in days and the tasks that must completed before it...

Answered: 1 week ago

Question

★★★★★

We throw a fair die repeatedly until an outcome of either 3 or 4 appears for the fourth time. If X denotes the number of trials until this happens, then which of the following statements is correct?...

Answered: 1 week ago

Question

★★★★★

A plane wall of a furnace is fabricated from plain carbon steel (k = 60 W/m K, p = 7850 kg/m 3 , c = 430 J/kg K) and is of thickness L = 10 mm. To protect it from the corrosive effects of the...

Answered: 1 week ago

Question

★★★★★

#50-Five years ago, you purchased 800 shares of stock. The annual returns have been 6.4 percent, -28.7 percent, 2.1 percent, 14.4 percent, and 32.6 percent, respectively. What is the variance of...

Answered: 1 week ago

Question

★★★★★

[ The following information applies to the questions displayed below. ] The bookkeeper at Jefferson Company has not reconciled the bank statement with the Cash account, saying, I don t have time. You...

Answered: 1 week ago

Question

★★★★★

Caterpillars of the Monarch butterfly eat plants that are toxic to other animals so that their tissues become toxic. Birds that try to eat Monarchs vomit and then avoid the striking orange-and-black...

Answered: 1 week ago

Question

★★★★★

You have just been engaged as the external auditor for a medium-sized automotive servicing organization. The organization obtains most of its revenue in three ways: (a) it services motor-vehicle...

Answered: 1 week ago

Question

★★★★★

You are a staff information systems auditor in a public accounting firm. The firm has just acquired a new client-a small manufacturing organization. The client uses a minicomputer for its data...

Answered: 1 week ago

Question

★★★★★

The accounting department of a small company is responsible for payment of creditors. It receives a copy of each purchase order issued, a receiving document when the goods arrive, and the vendor's...

Answered: 1 week ago

Question

★★★★★

You are on the staff of an external audit firm that audits a small to medium-size financial institution. One day you receive a copy of a letter from the president of the financial institution to the...

Answered: 1 week ago

Question

★★★★★

Examine the transfer of production skills of operators from one site to another in an innovative context.

Answered: 1 week ago

Question

★★★★★

Understand the relevance of global HRM standards and local demands for globally operating companies.

Answered: 1 week ago

Question

★★★★★

Gain insights into the challenges of attracting and developing talent for manual jobs.

Answered: 1 week ago

Previous Question Next Question