Question ID: CIA 596 I.57 (Topic: System Application Controls)
- This topic has 2 replies, 2 voices, and was last updated 1 year, 1 month ago by Maria Elsa.
I don’t understand how a limit check could catch certain types of errors within the payment amount field of a transaction.
A limit and range check is simply a maximum or minimum number for a record.
Why should you put a limit or range on a payment amount field? if say for example the payment due is $1,000,000, and was erroneously recorded as $1,500,000, how can a limit check detect that is incorrect?
Or have I misunderstood the meaning of a payment amount field here?
Appreciate any feedback.
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