IIA Exam IIA-ACCA Topic 2 Question 75 Discussion

Actual exam question for IIA's IIA-ACCA exam

Question #: 75
Topic #: 2

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?

AFormulas and static data are locked or protected.

BThe spreadsheet is stored on a network server that is backed up daily.

CThe purpose and use of the spreadsheet are documented.

DCheck-in and check-out software is used to control versions.

Show Suggested Answer

Suggested Answer: A

by Hassie at Apr 29, 2024, 04:19 PM

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Elbert

6 months ago

I agree with A. Prevents unauthorized changes. But documenting use sounds secondary.

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Malika

6 months ago

B is important but more for disaster recovery, not a primary control.

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Marsha

7 months ago

True, but isn't backed-up data also crucial?

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Ricarda

7 months ago

I think A makes sense. Locking formulas ensures data integrity.

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Malika

7 months ago

Yeah, primary controls for a spreadsheet, right?

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Elbert

7 months ago

This question seems tricky. What do you think?

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