Question

A customer notified a company that the customer's account did not reflect the most recent monthly payment. The company investigated the issue and determined that a clerk had mistakenly applied the customer's payments to a different customer's account. Which of the following controls would help to prevent such an error?

a. Checksum
b. Field check
c. Completeness test
d. Closed-loop verification

Answer 1

D) Closed-loop verification

Step-by-step explanation:

In accounting processes, a closed loop verification process refers to checking that the input information is complete and has been registered properly to the corresponding accounts. It is very similar to a validity check process, only that it doesn't check the process itself, but the registered information instead.

Accounting records must always match and balance, the debits must equal the credits, so this process is used to verify that the input is introduced to the correct accounts.

Answer 2

The correct answer is d. Closed-loop verification

Step-by-step explanation:

A CCTV or CCTV is an installation of connected equipment that generates an image circuit that can only be seen by a certain group of people, these are customized to adapt to the needs of each client whether they are oriented to security, surveillance or service improvement.

• CCTV systems have become a fundamental support in the prevention and control of loss and risks, as well as supervision to improve the effectiveness of companies.
• The supervision and control of customers and employees is more effective with the use of CCTV systems, the support of this task with intelligent systems make this work very simple with a small number of people.
• The coverage areas are more extensive, reducing surveillance costs and being more effective in terms of security.
• The control of lost thefts is more effective and not only because people know they are being recorded, but also because the culprits are easily discovered when reviewing the recordings.
• The existence of CCTV systems alone represents a deterrent, some companies prefer the use of cameras with sizes and appearances that look threatening to people with unhealthy intentions.