Question

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

Answer 1

Independently verify the transactions.

Explanation: Risks are any form of threats posed by both Internal and or External sources or factors on a particular Organisation or Activity. There are different forms or types of risk such Financial risks, Business risks etc in order to reduce the impact of a financial risk it is better to Independently verify the transactions done,as it can help to expose errors or fraud or other forms of abnormalities that can act as risks or are risks themselves.