Asked by Nicki Gagliano on May 31, 2024
Verified
TPSs are not helpful for performing audits.
TPS
Acronym for Transaction Processing Systems, which are software and hardware systems designed for processing business transactions efficiently and accurately.
Audits
Inspections or examinations of accounts, records, or processes to assess compliance with established standards or regulations.
- Absorb the importance and repercussions of Transaction Processing Systems (TPS) in the realm of business operations.
- Acknowledge the importance of TPS in performing audits and managing data efficiently.
Verified Answer
AE
Artur EtzbergerJun 06, 2024
Final Answer :
False
Explanation :
Transaction Processing Systems (TPS) are helpful for performing audits because they record the day-to-day transactions of a business, providing a detailed, accurate, and chronological record of all transactions, which is essential for auditing purposes.
Learning Objectives
- Absorb the importance and repercussions of Transaction Processing Systems (TPS) in the realm of business operations.
- Acknowledge the importance of TPS in performing audits and managing data efficiently.