Select all that applyEach of the following are types of technological impacts related to internal control:Multiple select question.reduced processing errorsmaintaining adequate recordsmore extensive testing of recordsseparation of dutiesestablish responsibilitiesnew evidence of processing

Select all that applyWhich of the statements below explains how technology has impacted internal control systems?Multiple select question.Technologically advanced systems can record who made entries, the date and time of the entry and the source of the entry.Technology has encouraged the growth of e-commerce, which means that there is a higher risk of credit card number theft.Technology can be designed to require the use of password before access to the system is granted.Technology increases job creation and fewer job consolidations.Technology has reduced the number of processing errors.

Select all that applyWhich of the following are components of internal control?Multiple select question.MonitoringRisk assessmentControl environmentAccounting standardsControl activities

Select all that applyWhich of the following are principles of internal control?Multiple select question.Maintain adequate records.Divide responsibility for related transactions.Reduce vendor payables.Increase revenues.Perform regular and independent reviews.Establish responsibilities.

Internal controls have certain limitations. Identify the alternative that is not one of those limitations.a.Controls are directed at routine and non-routine transactions.b.Management can abuse their responsibility.c.The potential of human error exists.d.The cost of implementing a control could exceed it benefits

Select all that applyWhich of the following are preventive controls?Multiple select question.Performance reviewsSeparation of dutiesReconciliationsPhysical controls