APM 175 Training - Knowledge Check

Which of the following statements is/are true?

I. All EUCAs and Critical Reports within the scope of the policy require the documentation of input, calculation, management review & approval, and general controls.

II. EUCAs are system-generated outputs while Critical Reports are manually performed or modified computer based applications not supported by GM Information Technology (GMIT).

• Statement I only

• Statement II only

• Both statements I and II

• Neither statement I nor II

When information cannot be obtained due to confidentiality, documentation should be maintained supporting why the information is considered confidential, who holds the information, where it is held and a screenshot or email from the owner of the total balance used in the EUCA/CR.

• TRUE

• FALSE

Input controls over Critical Reports relate to:

• Generated output from the system

• Parameters to run the report

• Functional changes and maintenance

• validation of inputs used in the source documents

  (manually performed/modified CR)

General controls over EUCAs relate to:

• Generated output from the system

• Parameters to run the report

• Functional changes and maintenance

• validation of inputs used in the source documents

  (manually performed/modified CR)

Calculation controls over Critical Reports relate to:

• Functional changes and maintenance

• Generated output from the system

  (e.g. sum totals, record count)

• Parameters to run the report

• calculations performed in the source documents

Accounting Policy Manual that provides guidance on both the expected controls and the appropriate and required supporting documentation associated with EUCAs and Critical Reports, while also outlining management's responsibilities over EUCAs and Critical Reports.

• APM 100

• APM 155

• APM 175

• APM 185

Management review & approval controls over EUCAs relate to:

• Sense check for incorrect parameters

• validation of inputs used in the source documents

  (manually performed/modified CR)

• Functional changes and maintenance

• Sense check for mis keyed data

Input controls over EUCAs relate to:

• Generated output from the system

• Parameters to run the report

• Functional changes and maintenance

• validation of inputs used in the source documents

  (manually performed/modified CR)

Management review & approval controls over Critical Reports relate to:

• Sense check for incorrect parameters

• Source documents

  (manually performed/modified CR)

• Functional changes and maintenance

• Sense check for mis keyed data

Which of the following statements is/are true?

I. Support for hardcoded values must be properly referenced within the file.

II. Calculation controls for CR means to validate that the report ties back to the source system.

III. Electronic approval or sign off is sufficient control under management review & approval controls.

• Statement I only

• Statement I and II

• Statement I,II, and III

• Statement II and III