CRX Corporation uses general ledger software as a processing tool in its accounting information system, which creates certain risk exposures. Internal controls to address those risk exposures include:
A)Daily file backup.
B)Periodic employee training.
C)Both A and B.
D)Neither A nor B.

Question

Quizplus · Accepted Answer

A daily file backup is a good internal control to address the risk of data loss in case of technical issues with the general ledger software. Periodic employee training is also important to ensure that employees are aware of the risks associated with the software and the proper procedures to follow. Therefore, both A and B are recommended as internal controls.

CRX Corporation Uses General Ledger Software as a Processing Tool