Which of the following internal controls over financial reporting could be automated in the AIS?
A) Resolution of reconciliation discrepancies in a timely manner
B) Identification of contingent liabilities and make necessary accruals
C) Assign responsibilities to ensure segregation of duties
D) Verification that journal entries are posted in the correct reporting period

Question

Quizplus · Accepted Answer

Automating the verification of journal entries to ensure they are posted in the correct reporting period can be achieved through programming rules within an Accounting Information System (AIS). This process can be set up to automatically check the dates and periods of entries, reducing the risk of human error and ensuring timely and accurate financial reporting.

Which of the Following Internal Controls Over Financial Reporting Could