The impact of technology on internal controls includes:
A) Reduced processing errors.
B) Elimination of the need for regular audits.
C) Elimination of the need to bond employees.
D) Elimination of separation of duties.
E) Elimination of fraud.

Question

Quizplus · Accepted Answer

Technology can help reduce processing errors by automating certain processes that were previously done manually. However, it does not eliminate the need for regular audits, bonding employees or separation of duties, all of which are important aspects of internal controls. While technology can help in detecting fraud, it cannot completely eliminate it.

The Impact of Technology on Internal Controls Includes