Which of the Following Is an Example of an Entity-Level

question 64

Multiple Choice

Which of the following is an example of an entity-level ITGC?

• A) A corporate code of conduct.
• B) Programmed recalculations for checking accuracy of data files.
• C) User-identification and passwords requirements for system access.
• D) Supervisory review and approval of supporting documents.

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Definitions:

Sales On Account

Transactions where goods or services are sold and delivered, but payment is agreed to be made at a later date.

Internal Controls

Processes and procedures implemented by a business to safeguard its assets, enhance the reliability of its accounting records, ensure compliance with laws, and promote efficient operations.

Accounting System

A structured process of recording, summarizing, and analyzing an organization's financial transactions.

Chart of Accounts

A systematic list of all account titles and numbers being used by an organization to organize its financial transactions and prepare financial statements.