Question

Which of the following control activities should be taken to reduce the risk of incorrect processing in a newly installed computerized accounting system? Multiple Choice Segregation of duties. Ensure proper authorization of transactions. Adequately safeguard assets. Independently verify the transactions.

Answer 1

Answer: Independently verify the transactions.

Step-by-step explanation:

As the computerized accounting system is new, there is a certain warranted level of distrust in it which will only go away after the system consistently performs well.

Until such a time, it is important that every transaction that is processed by the system is independently verified so as to see if the system processed the transaction well. Only after satisfactory results over a period of time will the system become trusted.