BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Answer and Explanation: With the implementation of technology in internal controls, processing errors are reduced as the human element is removed.

Detailed explanation-2: -9. LO 8.4What is the advantage of using technology in the internal control system? Passwords can be used to allow access by employees. Any cash received does not need to be reconciled because the computer tracks all transactions.

Detailed explanation-3: -Corrective internal controls are put in place to correct any errors that were found by the detective, internal controls. This type of internal control usually begins by detecting undesirable outcomes and keeping the spotlight on the problem until management can solve it.

Detailed explanation-4: -Preventive controls aim to decrease the chance of errors and fraud before they occur, and often revolve around the concept of separation of duties. From a quality standpoint, preventive controls are essential because they are proactive and focused on quality.

Detailed explanation-5: -“Monitor, detect, analyze, protect, report, and respond against known vulnerabilities, attacks, and exploitations” and “continuously test and evaluate information security controls and techniques to ensure that they are effectively implemented”.