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In: Accounting

Discuss what options of internal controls and audit trails are available in this spreadsheet program, EXCEL...

Discuss what options of internal controls and audit trails are available in this spreadsheet program, EXCEL and how these work in terms of data accuracy, security and integrity. List at least two examples for each of the internal control procedure and the audit trail feature.

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Answer: Internal controls and Audit trails ,Data Accuracy, Security and Integrity in Spreadsheet Program Excel:

Spreadsheet controls are a set of steps that an organization's accounting personnel can take to ensure accuracy and integrity of financial records and bookkeeping procedures. ... An effective spreadsheet control program should provide: User access control including usernames, passwords, and biometric verification.

Spreadhsheet of Excel maintains 15 figures in its numbers, but they are not always accurate: the bottom line should be the same as the top line.

Normally the system of Excel is being prepared for multiuser hence Security is not the issue here. Still we can have the security system install in our Spreadhsheet as follows"

How to Lock All the Cells in an Excel Worksheet

  1. Navigate to the Review tab.
  2. Click Protect Sheet. ...
  3. Click OK to protect the sheet.
  4. Select all the cells you don't want to be locked. ...
  5. Right-click on your selection, select Format Cells, and click on the Protection tab. :In fact, the only native Excel protection system with reasonable integrity is the file encryption offered with recent versions of Excel.

Through this process, we can maintain security and integrity of our Spreadsheets.

ekkarill92 answered 2 years ago
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