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CA Final · Financial Reporting · Accounting and Technology

Kavya Textiles Ltd uses a robotic process automation (RPA) bot to post vendor invoices after matching them with purchase orders. The CFO wants assurance that the bot itself is working as designed, with changes to its rules authorised and tested. Which category of control addresses this need?

IT general controls over program changes and access are the right category. They ensure that the rules of an automated tool such as an RPA bot are authorised, tested and protected, so its processing can be relied upon, unlike manual reviews or physical checks.

  1. AInformation technology general controls over program changes and accessCorrect
  2. BManual review of the final trial balance by the CFO
  3. CPhysical verification of inventory at year end
  4. DBank reconciliation prepared monthly

Explanation

Controls over program changes, access and operations of systems are IT general controls. They support reliable functioning of automated processes such as an RPA bot. The trial balance review, stock count and bank reconciliation are manual or detective controls that do not govern how the bot's rules are changed.

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