Question

One for one checking meets all of the following control goals except for

a) Update completeness
b) Effectiveness of operations
c) Input completeness
d) Input accuracy

Answer 1

One for one checking is a control measure that involves matching each transaction with a corresponding document. It ensures update completeness, input completeness, and input accuracy. The control goal it does not meet is the effectiveness of operations.

Step-by-step explanation:

The concept of one for one checking refers to a type of control measure used within business processes, particularly in accounting and auditing. This method involves directly matching each transaction or item with a corresponding document or record to ensure accuracy and completeness. When evaluating which control goal is not met by one for one checking, we can consider the following:

• Update completeness: One for one checking ensures that when a transaction is recorded, it is confirmed with an existing document, so every transaction that should be recorded is recorded.
• Input completeness: By matching documents to transactions, one for one checking confirms that all required data has been entered.
• Input accuracy: This method confirms that the information entered into the system correctly reflects the supporting documentation.

However, one for one checking does not necessarily ensure the effectiveness of operations, which is a broader goal that includes efficiency, profitability, and overall performance of a business process beyond the correctness and completeness of individual transactions.