Describe how the IT controls of automated purchase approval and automated postings to subsidiary and general ledger accounts help reduce risk. What is necessary to ensure these controls function properly?
The objective of automated purchase approval is to prevent unauthorized purchases from unapproved vendors. Computer logic, not humans, make the purchase decisions based on purchase requisitions and the valid vendor file. Proper functioning of this control depends on adequate procedures for identifying vendors and placing them on the valid vendor list.
Automated postings eliminate the human element, reducing the possibility of errors and fraud. A computer application, which is not subject to situational pressures or ethical standards, decides which accounts to update and by how much. Since these are labor intensive activities, automation greatly improves efficiency. These benefits depend upon the proper functioning of the computer application performing the tasks. The system development and program change process is critical to ensuring proper operation of the system.
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Indicate whether the statement is true or false
Developing your informal communication skills means combining oral communication skills in order to ____.
A. listen actively B. respond with empathy C. speak persuasively D. all of the above
Technological tools such as the Internet and email have:
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