Internal Controls in an Evaluated Receipts Settlement (ERS) System _______

question 48

Multiple Choice

Internal controls in an Evaluated Receipts Settlement (ERS) system _______.

• A)are generally not required
• B)are dissimilar to internal controls in a traditional computerized system
• C)are similar to internal controls in a traditional computerized system
• D)should be audited by the internal audit function, due to their increased familiarity with this function

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Definitions:

Phylogeny

The study and description of the evolutionary history and relationships among species or groups of organisms.

Divergent Evolution

An evolutionary process where related species or populations develop distinct traits due to different environments or selective pressures, leading to increased genetic differentiation.

Phylogeny

The evolutionary history and relationships among individuals or groups of organisms, often depicted as a phylogenetic tree.

Relationship

A connection, association, or involvement between two or more entities.