EFFECTS OF COMPUTERS ON INTERNAL CONTROL Separation of Duties Delegation of Authority & Responsibility Competent & trustworthy personnel System of Authorization Adequate documents & records Physical control over assets & records Adequate management supervision Independent check on performance Comparing Recorded Accountability with assets   explain briefly and give example

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7A: Internal Controls
Section: Chapter Questions
Problem 1SEB
icon
Related questions
Question

EFFECTS OF COMPUTERS ON INTERNAL CONTROL

  1. Separation of Duties
  2. Delegation of Authority & Responsibility
  3. Competent & trustworthy personnel
  4. System of Authorization
  5. Adequate documents & records
  6. Physical control over assets & records
  7. Adequate management supervision
  8. Independent check on performance
  9. Comparing Recorded Accountability with assets

 

explain briefly and give example

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Significance of Internal control
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Auditing: A Risk Based-Approach to Conducting a Q…
Auditing: A Risk Based-Approach to Conducting a Q…
Accounting
ISBN:
9781305080577
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
South-Western College Pub
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning