A Well- Controlled IT System Offers Greater Potential for Reducing

question 34

Multiple Choice

A well- controlled IT system offers greater potential for reducing misstatements because:

• A) computers reduce the human error that is likely to occur in traditional manual environments.
• B) computers process information consistently.
• C) computers handle tremendous volumes of complex business transactions effectively.
• D) all of the above

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Definitions:

Accounting Information

Accounting information encompasses all the data related to the financial transactions and status of an organization, used for reporting, decision-making, and regulatory purposes.

Equity

The ownership interest of shareholders, which is the value left in a company's assets after all debts have been paid off.

Revenues

The sum of money produced through standard business functions and additional actions.

Customers

People or organizations that buy products or services from a company.