Which of the statements below explains how technology has Impacted Internal control systems? (Check all that apply.)

Determine which of the statements below accurately describe services provided by a bank. (Check all
that apply.}

Each bank deposit is supported by a check.
To withdraw money from an account, the depositor can use a check.
Each bank deposit is supported by a deposit ticket.
To limit access to a bank account, all persons authorized to write checks on the account must
sign a deposit slip.
A bank account is a record set up by a bank for a customer. 


Given the choices below, choose the examples of internal controls designed to control cash

disbursements. (Check all that apply.)
 Use of a petty cash system.
The person in charge of purchasing and receiving should be the only person authorized to pay.
All disbursements should be made by check.
Only authorized individuals should be allowed to sign checks.

Use of a voucher system. 



Which of the statements below explains how technology has Impacted Internal control systems? (Check

all that apply.) 

Technologically advanced systems can record who made entries, the date and time of the entry

and the source of the entry.

Technology has reduced the number of processing errors.

Technology can be designed to require the use of password before access to the system is

granted.

Technology has encouraged the growth of e-commerce, so there is a higher risk of credit card

number theft

Technology Increases Job creation and fewer Job consolidations.