One Disadvantage of IT Systems Is the Potential Elimination of the Control

question 1

True/False

One disadvantage of IT systems is the potential elimination of the control provided by division of duties of independent persons normally present in manual systems.

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Definitions:

Currency

The system of money in general use in a particular country.

Translation Gains

Financial gains resulting from converting the financial statements of a foreign subsidiary into the parent company's reporting currency.

Realized

Refers to profits or losses that have been made official by a transaction or event, distinguishing them from unrealized or paper profits or losses.

Taxed

The imposition of a financial charge or other levy upon a taxpayer by a governing state or the functional equivalent of a state.