How Do Information Technologies Enhance Internal Control

question 8

Multiple Choice

How do information technologies enhance internal control?

• A) Computer controls replace manual controls.
• B) Higher quality information is available.
• C) Computer controls are cheaper.
• D) Both A and B above

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Definitions:

Canadian Dollars

The currency of Canada, represented as CAD or $.

Gross Recording

An accounting practice where transactions are recorded in full without deducting any related expenses or costs.

Spot Rates

The current market price at which a particular asset can be bought or sold for immediate delivery.

Hedged Date

The date on which a hedge transaction is initiated to protect against future fluctuations in value.