Which of the following are IT controls that we might expect to find in the acquisition and expenditure business process?
A)goods are received only for items with a valid requisition order
B)the accounting system matches information on the purchase order with the vendor invoice before the invoice is paid
C)the asset or expense is recognized based on the date on the purchase order
D)IT system prepares reports listing purchase orders where the goods have not been received,and receiving reports that have not been invoiced
E)IT system restricts access to individuals authorized to input purchase orders,receiving reports,and vendor invoices
F)both A and B
G)both D and E

Question

Quizplus · Accepted Answer

Options D and E are examples of IT controls in the acquisition and expenditure business process. D involves reporting discrepancies which is a control to ensure all orders are accounted for and E involves access controls to ensure only authorized personnel can make financial commitments or record transactions.

Which of the Following Are IT Controls That We Might