Interested to Buy Any Domain ? << Click Here >> for more details...
The general ledger setup function in an enterprise resource
package (ERP) allows for setting accounting periods. Access
to this function has been permitted to users in finance, the
warehouse and order entry. The MOST likely reason for such
broad access is the:
A. need to change accounting periods on a regular basis..
B. requirement to post entries for a closed accounting period.
C. lack of policies and procedures for the proper
segregation of duties.
D. need to create/modify the chart of accounts and its
allocations.
- 1 Answers
- 7034 Views
- I also Faced
- E-Mail Answers
Answer / guest
Answer: C
Setting of accounting periods is one of the critical
activities of the finance function. Granting access to this
function to the personnel in the warehouse and order entry
could be because of a lack of proper policies and procedures
for the adequate segregation of duties. Accounting periods
should not be changed at regular intervals, but established
permanently. The requirement to post entries for a closed
accounting period is a risk. If necessary this should be
done by someone in the finance or accounting area. The need
to create/modify the chart of accounts and its allocations
is the responsibility of the finance department and is not a
function that should be performed by warehouse or order
entry personnel.
| Is This Answer Correct ? | 6 Yes | 1 No |
The purpose of debugging programs is to: A. generate random data that can be used to test programs before implementing them. B. protect valid changes from being overwritten by other changes during programming. C. define the program development and maintenance costs to be include in the feasibility study. D. ensure that abnormal terminations and coding flaws are detected and corrected.
What is a risk associated with attempting to control physical access to sensitive areas, such as computer rooms, through card keys, locks, etc.? A. Unauthorized individuals wait for controlled doors to open and walk in behind those authorized. B. The contingency plan for the organization cannot effectively test controlled access practices. C. Access cards, keys, and pads can be easily duplicated allowing easy compromise of the control. D. Removing access for people no longer authorized is complex.
An IS auditor involved as a team member in the detailed system design phase of a system under development would be MOST concerned with: A. internal control procedures. B. user acceptance test schedules. C. adequacy of the user training program. D. clerical processes for resubmission of rejected items.
Which of the following is the PRIMARY reason for involving an IS auditor in the definition of a system's requirements? A. Post-application reviews do not need to be performed. B. Total budgeted system development costs can be reduced. C. It is costly to institute controls after a system becomes operational. D. The extent of user involvement in design activities is reduced.
Which of the following environmental controls is appropriate to protect computer equipment against short-term reductions in electrical power? A. Power line conditioners B. A surge protective device C. An alternative power supply D. An interruptible power supply
Structured programming is BEST described as a technique that: A. provides knowledge of program functions to other programmers via peer reviews. B. reduces the maintenance time of programs by the use of small-scale program modules. C. makes the readable coding reflect as closely as possible the dynamic execution of the program. D. controls the coding and testing of the high-level functions of the program in the development process.
An IS auditor is reviewing the database administration function to ascertain whether adequate provision has been made for controlling data. The IS auditor should determine that the: A. function reports to data processing operations. B. responsibilities of the function are well defined. C. database administrator is a competent systems programmer. D. audit software has the capability of efficiently accessing the database.
Software maintainability BEST relates to which of the following software attributes? A. Resources needed to make specified modifications. B. Effort needed to use the system application. C. Relationship between software performance and the resources needed. D. Fulfillment of user needs.
Disaster recovery planning addresses the: A. technological aspect of business continuity planning. B. operational piece of business continuity planning. C. functional aspect of business continuity planning. D. overall coordination of business continuity planning.
Which of the following facilitates program maintenance? A. More cohesive and loosely coupled programs B. Less cohesive and loosely coupled programs C. More cohesive and strongly coupled programs D. Less cohesive and strongly coupled programs
Capacity monitoring software is used to ensure: A. maximum use of available capacity. B. that future acquisitions meet user needs. C. concurrent use by a large number of users. D. continuity of efficient operations.
In a small organization, where segregation of duties is not practical, an employee performs the function of computer operator and application programmer. Which of the following controls should the IS auditor recommend? A. Automated logging of changes to development libraries B. Additional staff to provide segregation of duties C. Procedures that verify that only approved program changes are implemented D. Access controls to prevent the operator from making program modifications
Cisco Certifications 
