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Technology's Impact on the Internal Control System

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following terms best describes the equipment that is created by the use of scientific knowledge that aids in streamlining business operations?

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1. How would a company implement internal controls focused on employee efficiency?

2. How has technology increased efficiency by using separation of duties?

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About This Quiz & Worksheet

This quiz and worksheet will help gauge your understanding of technology and the internal control system. Topics you will need to know in order to pass the quiz include business operations and reduced paperwork.

Quiz & Worksheet Goals

Use these assessment tools to measure your knowledge of the following:

  • Definition of technology
  • Purpose of internal controls
  • Main areas of internal controls affected by technology

Skills practiced

This worksheet and quiz let you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related accounting lesson
  • Critical thinking - apply relevant concepts to examine information about the purpose of internal controls in a different light
  • Knowledge application - use your knowledge to identify the main area(s) on internal controls affected by technology

Additional Learning

To learn more about this subject, review the lesson titled Technology's Impact on the Internal Control System. The lesson covers the following topics:

  • Improved processing time
  • Reduced errors and reduced paperwork
  • Separation of duties
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