10.18

Control Activities

Principle 10 - Design Control Activities

Attribute 10.18 - When designing transaction control activities, management evaluates information processing objectives to meet the entity's objectives and mitigate related risks. Information processing objectives may include the following:

• Completeness - All transactions and events that occur have been properly recorded.
• Accuracy - Data relating to transactions and events are properly and timely recorded.
• Validity - All recorded transactions and events actually occurred, are related to the entity, and were executed according to prescribed procedures.

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