The Advantages of Using IT-Based Accounting Systems, Where the Details

question 68

Multiple Choice

The advantages of using IT-based accounting systems, where the details of transactions are entered directly into the computer include:

• A)Computer controls can compensate for the lack of manual controls
• B)Loss of audit trail view
• C)Increased internal controls risks
• D)Fewer opportunities to authorize and review transactions

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Definitions:

Maslow's Hierarchy

is a psychological theory proposing that human needs are arranged in a hierarchy, from basic physiological needs to the need for self-actualization.

Valenced Reactions

Emotional responses that are categorized as either positive or negative in nature, influenced by personal experiences, attitudes, and perceptions.

Arousal

A physiological and psychological state of being awake, alert, and engaged.

Crowdsourcing

Crowdsourcing involves obtaining information, ideas, or content by soliciting contributions from a large group of people, particularly from an online community, rather than from traditional employees or suppliers.