A)List the Four Types of General Computer Control Systems

question 21

Essay

A)List the four types of general computer control systems.B)Adequate segregation of duties is an important control procedure.Describe the specific functions that should be separated for segregation of duties to prevent both intentional and unintentional misstatements that are of significance to auditors.C)Adequate documents and records are important for effective internal control.Five principles dictate the proper design and use of documents and records.One principle is that documents and records should be prenumbered consecutively to facilitate control over missing documents and to aid in locating documents when they are needed at a later date.Discuss each of the other four principles of adequate documents and records.

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Definitions:

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded, with price on the vertical axis and quantity on the horizontal axis.

Value in Product

The perceived benefit or usefulness of a product to the consumer, which includes quality, features, and overall satisfaction.

Price Point

The standard price or price range of a product as determined by its perceived market value and competitive conditions.

Units Sold

The quantity of products or services sold within a specific period.