Which of the Following Are IT Controls That the Auditor

question 62

Multiple Choice

Which of the following are IT controls that the auditor might expect in the revenue business process?

• A)The accounting system matches the information on the sales order with the sales invoice before revenue is recognized
• B)Sales revenue is recognized based on the date on the shipping document
• C)IT system prepares reports listing sales orders that have not been shipped,and shipments that have not been billed
• D)IT system restricts access to individuals authorized to read sales orders,shipping documents,and sales invoices
• E)Goods are shipped only to customers with valid addresses
• F)Both A and B
• G)Both B and C
• H)Both D and E

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Definitions:

Market Share Effects

Describes the impact changes in a company's market share have on its competitive position and profitability.

Ethnographies

A qualitative research method involving the systematic study of people and cultures from the insider's perspective, primarily through observation and interviews.

Interviews

A qualitative research method involving direct, face-to-face, or virtual conversation to gather information or opinions.

Strategic Gains

Benefits achieved from implementing business strategies that improve a company's competitive position and overall performance.