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AIS Chapter 10 Control & Accounting Information Systems Questions and Answers R221,61   Add to cart
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AIS Chapter 10 Control & Accounting Information Systems Questions and Answers
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AIS Chapter 10 Control & Accounting Information Systems Questions and Answers Which of the following is not one of the risk responses identified in the COSO Enterprise Risk Management Framework? Monitoring A control procedure designed so that the employee that records cash received from cu...

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  • August 4, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ais chapter 10 control accounting information sy
  • which of the following is not one of the risk resp
  • a control procedure designed so that the employee
  • which of the following is an example of a prevent

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AIS Chapter 10 Control & Accounting
Information Systems Questions and
Answers
Which of the following is not one of the risk responses identified in the COSO Enterprise
Risk Management Framework? - answer Monitoring

A control procedure designed so that the employee that records cash received from
customers does not also have access to the cash itself is an example of a(n) - answer
preventive control

Which of the following is an example of a preventive control? - answer Approving
customer credit prior to approving a sales order

Independent checks on performance include all the following except - answer data
input validation checks

A computer operator is allowed to work as a programmer on a new payroll software
project. Does this create a potential internal control problem? - answer Yes, the
computer operator could alter the payroll program to increase her salary

One of the objectives of the segregation of duties is to - answer make sure that
different people handle different parts of the same transaction.

According to The Sarbanes-Oxley Act of 2002, the audit committee of the board of
directors is directly responsible for - answer hiring and firing the external auditors

Which of the following is a control related to design and use of documents and records?
- answer sequentially pre-numbering sales invoices

Which of the following duties could be performed by the same individual without
violating segregation of duties controls? - answer Approving accounting software
change requests and testing production scheduling software changes

With a limited work force and a desire to maintain strong internal control, which
combination of duties would result in the lowest risk exposure? - answer Entering
payments to vendors in the cash disbursements journal and entering cash received
from customers in the cash receipts journal

Which of the following is not a factor of internal environment according to the COSO
Enterprise Risk Management Framework? - answer Analyzing past financial
performance and reporting

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