Accounting · Accounting Controls
A company implemented a new computerized accounting package with the following features: (1) Balancing of accounting entries, (2) Authorization of non-current asset purchase by management, (3) Password access to login, and (4) Review of the audit trail. Which of the following combinations correctly categorizes these controls into discretionary or non-discretionary?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Balancing: Non-discretionary; Authorization: Discretionary; Password access: Non-discretionary; Review of audit trail: Discretionary✓
- 2Balancing: Non-discretionary; Authorization: Discretionary; Password access: Discretionary; Review of audit trail: Discretionary
- 3Balancing: Non-discretionary; Authorization: Non-discretionary; Password access: Non-discretionary; Review of audit trail: Discretionary
- 4Balancing: Discretionary; Authorization: Discretionary; Password access: Non-discretionary; Review of audit trail: Non-discretionary
Correct answer
Balancing: Non-discretionary; Authorization: Discretionary; Password access: Non-discretionary; Review of audit trail: Discretionary
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