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IIA Exam IIA-ACCA Topic 3 Question 73 Discussion

Actual exam question for IIA's ACCA CIA Challenge Exam exam
Question #: 73
Topic #: 3
[All ACCA CIA Challenge Exam Questions]

According to MA guidance on IT. which of the following would be considered a primary control for a spreadsheet to help ensure accurate financial reporting?

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Suggested Answer: A

by Rodolfo at Apr 12, 2024, 12:49 PM

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Jennie
9 days ago
Haha, yeah, a coffee break sounds like a great idea. Maybe we can also grab a doughnut or two, you know, to fuel our brains for this epic battle of spreadsheet controls.
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Lourdes
11 days ago
You know, I'm starting to get a headache just thinking about this. Can we take a break and get some coffee? I feel like I need to clear my head before tackling this one.
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Kaitlyn
12 days ago
Hmm, I don't know. I was leaning towards D, with the check-in and check-out software to control versions. That way, you can always go back and see who made what changes, right?
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Celia
13 days ago
Ah, I see where you're coming from, but I disagree. I think C is the way to go - documenting the purpose and use of the spreadsheet. That way, everyone who uses it knows exactly what it's for and how to use it properly.
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Delpha
15 days ago
I'm not so sure about that. I think B might be the better answer - storing the spreadsheet on a backed-up network server. That ensures the data is secure and doesn't get lost, which is crucial for financial reporting.
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Rozella
17 days ago
Well, this is a tricky one. I think the right answer is A - formulas and static data being locked or protected. That's really the most important control to ensure accurate financial reporting in a spreadsheet, isn't it?
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