Transaction-level controls are those controls that ________.
A)respond to things that can go wrong with transactions.
B)are used reactively to determine where problems have occurred.
C)deal with the financial statements in general.
D)management have suggested the auditor implement.

Question

Quizplus · Accepted Answer

Transaction-level controls are specifically designed to respond to things that can go wrong during the processing of an individual transaction, such as errors, fraud or other irregularities. They are preventive in nature and are implemented to ensure the accuracy, completeness, validity, and authorization of individual transactions.

Transaction-Level Controls Are Those Controls That ________