5 Internal Control Concepts and information Technology

Question 1

What are edit checks?

Answer 1

Edit checks test transactions prior to processing

Question 2

Rejected transactions from edit checks should be?

Answer 2

Recorded in a file for evaluation, correction, and resubmission.

Question 3

Which component of internal control includes development and use of training policies to communicate prospective roles and responsibilities to employees?

Answer 3

control environment

Question 4

What is check digit verification?

Answer 4

It is used to identify incorrect identification numbers.