Which of the following controls can minimize the threat of inaccurate financial statements? Backup and disaster recovery procedures. Training and experience in applying GAAP. Regularly review general ledger reports. Restriction of access to general ledger.

Which of the following controls can minimize the threat of inaccurate financial statements? Backup and disaster recovery procedures. Training and experience in applying GAAP. Regularly review general ledger reports. Restriction of access to general ledger.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter11: Auditing Inventory, Goods And Services, And Accounts Payable: The Acquisition And Payment Cycle

Section: Chapter Questions

Problem 14RQSC

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Which of the following controls can minimize the threat of inaccurate financial statements?
Backup and disaster recovery procedures. Training and experience in applying GAAP. Regularly
review general ledger reports. Restriction of access to general ledger.

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