What Are The Potential Benefits Of It To Internal Control?

1.	What Are The Potential Benefits Of It To Internal Control?
Answer» IT provides potential benefits of effectiveness and EFFICIENCY for internal control because it enables the entity to: CONSISTENTLY apply predefined rules and perform complex calculations in processing large volumes of transactions or data. Enhance the timeliness, availability, and accuracy of information. Facilitate the additional analysis of information. Enhance the ability to monitor the PERFORMANCE of the entity’s ACTIVITIES and its policies and procedures. Reduce the risk that controls will be circumvented. Enhance the ability to achieve EFFECTIVE segregation of duties by implementing security controls in applications, databases, and operating systems. IT provides potential benefits of effectiveness and efficiency for internal control because it enables the entity to:

Answer»

IT provides potential benefits of effectiveness and EFFICIENCY for internal control because it enables the entity to:

CONSISTENTLY apply predefined rules and perform complex calculations in processing large volumes of transactions or data.
Enhance the timeliness, availability, and accuracy of information.
Facilitate the additional analysis of information.
Enhance the ability to monitor the PERFORMANCE of the entity’s ACTIVITIES and its policies and procedures.
Reduce the risk that controls will be circumvented.
Enhance the ability to achieve EFFECTIVE segregation of duties by implementing security controls in applications, databases, and operating systems.

IT provides potential benefits of effectiveness and efficiency for internal control because it enables the entity to:

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