1) In MYOB under Setup Preferences Security several items are listed which the Administrator can choose to implement or not. Three of these are:
a) Transactions can't be changed, they must be reversed)
b) Prompt for backup when closing ?
c) Use Audit Trail Tracking (System-wide)
Taking each of the each of the three separately, explain the primary risk that the options are set up to prevent and identify the types of control involved. You may use examples to illustrate your answers.
For each option discuss whether they should be a matter of choice or mandatory."