IT Controls Over Computer Records and Physical Controls in General

question 77

Multiple Choice

IT controls over computer records and physical controls in general ledger storage areas minimize the related risk of:

• A)Fraud and errors
• B)Invalid general ledger postings
• C)Theft and fraud
• D)Amounts posted to wrong accounts

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Definitions:

Generational Cohort

A group of individuals born in the same period, who share similar cultural experiences, attitudes, and values.

Retirement Plans

Financial strategies and savings products aimed at providing individuals with income during their retirement years.

Generation Y

Also known as Millennials, the demographic cohort following Generation X, typically born between the early 1980s and the mid-1990s to early 2000s.

Automobile Design

The art and science of designing the visual appearance and functionality of vehicles, including their structure, layout, and features.