Internal Control Over Financial Reporting May Involve Control Activities Employed

question 20

Essay

Internal control over financial reporting may involve control activities employed at multiple levels within an organization. Describe these different categories of controls over financial reporting.

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Definitions:

Close The Database

The action of securely exiting a database application, ensuring that all data is saved and the database is properly shut down.

Navigation Pane

A user interface element that provides a structured menu or list of options for navigating within a website or application.

Sign Out

The action of logging off from a digital account or service, terminating access until the next login.

Open

The act of loading a document, file, or application into memory so it can be accessed, viewed, or edited by the user.