Which of the following represents a processing control in the financial process?
A) Input data should be verified as accurate in the various processes.
B) Special authorization should be required for the disposal of capital resources.
C) The distribution of internal reports containing financial information should be carefully controlled and recorded.
D) Summarized information received from other processes should be periodically reviewed to determine that the accuracy of financial statements.

Question

Quizplus · Accepted Answer

Processing controls are designed to ensure that data is processed accurately and completely. Reviewing summarized information from other processes helps ensure the accuracy of financial statements, which is a key aspect of processing control.

Which of the Following Represents a Processing Control in the Financial