Which of the following is least likely to be a general control over computer activities?
A) A validity test
B) A change request log.
C) Procedures for developing new programs and systems.
D) Requirements for system documentation.
the following is least likely to be a general control over computer activities:
A) A validity test
Which of the following is least likely to be a general control over computer activities? A)...
Which of the following would be least likely to address control over the initiation and execution of equipment transactions? Multiple Choice Procedures exist to restrict access to equipment Prenumbered purchase orders are used for equipment and periodically accounted for Requests for major repairs are approved by a higher level than the department initiating the request. Requests for purchases of equipment are reviewed for consideration of soliciting competitive bids
Question 19 (1 point) Which internal control document allows the auditors to trace transactions through each process in its cycle? Question 19 options: Flowchart Internal control questionnaire Walk-through Written narrative Question 20 (1 point) Which of the following general control activities is concerned with message acknowledgment techniques and private lines? Question 20 options: Accessing programs and data Changing existing programs and systems Developing new programs and systems Information technology operations Question 21 (1 point) Which of the following general control...
In which of the following is a firm MOST likely to lose direct control over value creation activities? a. Acquisition b. Strategic alliance c. Vertical integration d. Outsourcing e. Merger
Which of the following control day-to-day shop floor activities in production facilities? Processor-controlled systems (PCS) Computer-integrated manufacturing (CIM) Server-controlled systems (SCS) Server-defined systems (SDSS)
The activities,, their durations and predecessor activities for designing, writing and installing a computer database are shown in the table below Predecessor activity Duration (weeks) Activity 1 1. Contract negotiation 1 2. Discussions with main users 1 3. Review of current documentation 2 4. Review of current systems 3, 4 4 5. Systems analysis (a) 5 7 6. Systems analysis (b) 5 12 7. Programming 7 8. Preliminary testing 3, 4 9. Existing system review report 5, 9 10. System...
Principles of auditing ch 8 Internal Controls QUESTION 10 Which of the following elements is not a part of an entity's internal controls? A. Information and communication systems support. B. Control risk. C. Control activities. D. The control environment. QUESTION 11 Which of the following is the correct order for performing the procedures noted? A. Perform substantive tests, test controls, understand the system of internal control. B. Test controls, understand the system of internal control, perform substantive tests. C. Test...
c. Which of the following is least likely to suggest to an auditor that the client's management may have overidden internal control? O 1. There are numerous delays in preparing timely internal financial reports. O 2. Management does not correct internal control weaknesses that it knows about O 3. Dfferences are always disclosed on a computer exception report O 4. There have been two new controllers this year
1. Which of the following matters would an auditor most likely consider to be a significant deficiency to be communicated to the audit committee? A. Management's failure to renegotiate unfavorable long-term purchase commitments.B. Recurring operating losses that may indicate going concern problems.C. Evidence of a lack of objectivity by those responsible for accounting decisions.D. Management's current plans to reduce its ownership equity in the entity. 2. After obtaining an understanding of internal control and arriving at a preliminary assessed level...
9. 9 Which of the following activities is least likely to give rise to external costs or benefits? O getting a flu shot before flu season O driving one's car during rush hour O spraying to control mosquitos in your backyard O buying a sandwich and eating it for lunch
1. Consider the following statements: I. Per COSO, Control Activities are the policies and procedures that help insure that management’s directives are carried out. II. A Reliance Strategy is used when control risk is considered High. a. I is true; II is true b. I is true; II is false c. I is false; II is true d. I is false; II is false 2. Management's attitude toward aggressive financial reporting and its...