Question

Those controls which involve ensuring that all transactions are authorized, completely captured, correctly recorded and accurately processed. Procedures include checking the arithmetical accuracy of the records, reconciliations, use of control accounts, sequence or continuity checks etc. This control is called;
Question 4Answer

a.
Arithmetical and accounting controls

b.
Personnel

c.
Supervision

d.
Organization

Answer 1

a. Arithmetical and accounting controls