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IIA Exam IIA-ACCA Topic 10 Question 80 Discussion

Actual exam question for IIA's IIA-ACCA exam
Question #: 80
Topic #: 10
[All IIA-ACCA 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 Arleen at Jul 04, 2024, 07:53 PM

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Yesenia
7 months ago
Ah, the age-old debate: should I lock my spreadsheet or back it up? It's like choosing between a padlock and a parachute. Tough call.
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Leatha
6 months ago
D) Check-in and check-out software is used to control versions.
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Martin
6 months ago
C) The purpose and use of the spreadsheet are documented.
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Billye
6 months ago
A) Formulas and static data are locked or protected.
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Gilma
7 months ago
Check-in and check-out software? Really? That sounds like overkill for a simple spreadsheet. I'm going to go with option A on this one.
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Julie
7 months ago
You know, I think the purpose and use of the spreadsheet should be documented. That way, everyone knows exactly how it's supposed to be used and what it's for.
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Providencia
7 months ago
Hmm, I'm not so sure. Backing up the spreadsheet on a network server is also important to prevent data loss. Maybe that's the better option?
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Rodney
6 months ago
D) Check-in and check-out software is used to control versions.
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Kizzy
6 months ago
Backing up the spreadsheet on a network server is important for data loss prevention.
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Camellia
6 months ago
C) The purpose and use of the spreadsheet are documented.
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Glory
7 months ago
A) Formulas and static data are locked or protected.
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Altha
7 months ago
A locked spreadsheet with protected formulas definitely seems like the way to go here. That's going to be the best way to ensure accurate financial reporting.
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Hillary
5 months ago
D) Check-in and check-out software is used to control versions.
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Lera
6 months ago
C) The purpose and use of the spreadsheet are documented.
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Krissy
6 months ago
A) Formulas and static data are locked or protected.
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Belen
6 months ago
D) Check-in and check-out software is used to control versions.
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Aileen
7 months ago
C) The purpose and use of the spreadsheet are documented.
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Lindsay
7 months ago
A) Formulas and static data are locked or protected.
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Judy
7 months ago
I think D) Check-in and check-out software is used to control versions is crucial to track changes and maintain accuracy.
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Myra
8 months ago
I believe C) The purpose and use of the spreadsheet are documented is also important for accurate reporting.
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Loren
8 months ago
I agree with Quinn, because locking formulas and data helps prevent errors in financial reporting.
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Quinn
8 months ago
I think A) Formulas and static data are locked or protected would be the primary control.
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