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 daily file backup and periodic employee training.
D)Neither daily file backup nor periodic employee training.

Question

Quizplus · Accepted Answer

Daily file backup is a preventive control that helps to mitigate risks related to data loss or corruption, while periodic employee training helps to ensure that employees are aware of and adhere to internal control policies and procedures. Therefore, both daily file backup and periodic employee training are necessary to address risk exposures related to the use of general ledger software as a processing tool in CRX Corporation's accounting information system.

CRX Corporation Uses General Ledger Software as a Processing Tool