Section A

FinSecure is a cross-border fintech startup processing micro-loans. To ensure the integrity of its Management Information System (MIS), it implements various controls.

Which TWO of the following are classified as 'Application Controls' rather than 'General IT Controls'?

Answer options:

Range checks on loan amounts entered into the system.

Disaster recovery and off-site backup procedures.

Batch total reconciliations for daily processed loans.

Biometric access controls to the main server room.

How to approach this question

Distinguish between controls that apply to the whole IT environment (General) and those built into specific software to ensure data accuracy (Application).

Full Answer

General IT controls apply to all systems components, processes, and data for a given IT environment (e.g., server room access, backups). Application controls are specific to individual software applications and ensure the completeness and accuracy of data processing (e.g., range checks, batch totals).

Common mistakes

Assuming physical security or backups are application controls.

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