Explain the Seven Generally Accepted Objectives of Internal Control Activities

question 34

Essay

Explain the seven generally accepted objectives of internal control activities and identify the relevant assertions.

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Definitions:

Back Up Database

The process of making a copy of database content to protect against data loss.

Close and Back Up

The process of closing a software program and simultaneously creating a backup copy of the data to prevent loss.

Back Up Current

The action of creating a copy of existing data or system settings to prevent loss in case of system failure or data corruption.

Save As Back Up

Save As Back Up is a process of saving a copy of a file or database under a different name or location to ensure data safety in case of loss or corruption.