A transaction-level internal control activity is best described asa. An action taken by auditors to obtain evidence.b. An action taken by client personnel for the purpose of preventing, detecting, and correcting errors and frauds in transactions to eliminate or mitigate risks identified by thecompany.c. A method for recording, summarizing, and reporting financial information.d. The functioning of the board of directors in support of its audit committee.

Accounting Information Systems
10th Edition
ISBN:9781337619202
Author:Hall, James A.
Publisher:Hall, James A.
Chapter1: The Information System: An Accountant’s Perspective
Section: Chapter Questions
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A transaction-level internal control activity is best described as
a. An action taken by auditors to obtain evidence.
b. An action taken by client personnel for the purpose of preventing, detecting, and correcting errors and frauds in transactions to eliminate or mitigate risks identified by the
company.
c. A method for recording, summarizing, and reporting financial information.
d. The functioning of the board of directors in support of its audit committee.

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