Which of the following is true of controls used in treasury operations? Audit workpaper retention policies...
- Which of the following is true of controls used in treasury operations?
- Audit workpaper retention policies can vary from no retention to indefinite retention
- Policies and procedures should be kept separate from internal controls
- New technology can cause control requirements to change
- Treasury roles and responsibilities are organizational assignments rather than controls
Homework Answers
| New Technology can cause control requirements to change is the right statement |
| Technology can not only be used to ease the process but also to minimize the risk in a particular process |
| When a particular risk is eliminated with the technology then a control may not be necessary at the same time a new risk because of that technology may arise for which a new control may be required |
| Hence it is evident that a new technology can cause control requirements to change |
Add Answer to:
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