New evidence of processing.

divide responsibilities for related transactions.

more extreme testing of records.

crucial separation of duties.

perform regular and independent reviews.

reduced processing errors.

apply technological controls.

establish responsibilities.

increased e-commerce

maintain adequate recors.

separate recordkeeping from custody of assets.

insure assets and bond key employees

MATCH THE FOLLOWING WITH ABOVE OPTIONS

1. A person who controls or has access to an asset must not keep that asset's accounting records.

2. Responsibility for a task is clearly established and assigned to one person

3. Use of technology to improve internal controls such as cash registers, check protectors, time clocks, and personal identification scanners.

4. Assets are adequately insured against casualty and employees handling large amounts of cash are bonded.

5. Establishing good recordkeeping so items are unlikely to be lost or stolen without detection.

6. Use of internal auditors to conduct regular reviews of internal control systems to ensure that procedures are followed.

7. Assigning tasks for a transaction or related transactions between two or more individuals or departments to ensure that the work of one individual acts as a check on the other.

8. Provided the software and data entry are correct, the risk of mechanical and mathematical errors is nearly eliminated.

9. A company's review and audit of electronic records can include more extensive testing because the information is easily and rapidly accessed.

10. Many data processing steps are increasingly done by computer, therefore fewer hard-copy items of documentary evidence are available for review.

11. A company with a reduced workforce due to technological advances risks losing its crucial separation of duties so it must establish ways to control and monitor employees to minimize risk of error and fraud.

12. Selling products and services online has resulted in an increase in three types of risks: credit card number theft, computer viruses, and online impersonation.