XBRL creates risk exposures for organizations that use it; those risk exposures have to be addressed via various forms of internal control.As discussed previously in the text, internal controls can be classified by purpose (preventive/detective/corrective) and their relationship to the organization's information system (general/application).Consider the list of risks and controls below; for each item, indicate whether the control is primarily preventive/detective/corrective.Also indicate whether the control is a general or application control.
Correct Answer:
Verified
...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q64: Consider the list of terms below.Select those
Q65: Explain the structure of XBRL, including its
Q66: Fill in the blanks below based on
Q67: Rivet Software is one option for creating
Q68: The use of XBRL creates some internal
Q70: The chapter discussed five key terms related
Q71: The text discussed five key terms related
Q72: Explain, in your own words, how most
Q73: XBRL creates certain benefits for both accountants
Q74: Using XBRL creates some risk exposures for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents