The impact of technology on internal controls includes:
A)Reduced processing errors.
B)Fewer hard copies of source documents.
C)Elimination of the need for regular audits.
D)More efficient separation of duties.
E)Reduced processing errors and fewer hard copies of source documents.

Question

Quizplus · Accepted Answer

Technology can reduce processing errors by automating data entry and validation, and also reduce the need for hard copies of documents by allowing for electronic storage and retrieval. However, technology cannot eliminate the need for regular audits or replace the need for efficient separation of duties in order to maintain effective internal controls.

The Impact of Technology on Internal Controls Includes