Interested to Buy Any Domain ? << Click Here >> for more details...
The PRIMARY reason for replacing checks (cheques) with EFT
systems in the accounts payable area is to:
A. make the payment process more efficient.
B. comply with international EFT banking standards.
C. decrease the number of paper-based payment forms.
D. reduce the risk of unauthorized changes to payment
transactions.
- 1 Answers
- 5311 Views
- I also Faced
- E-Mail Answers
Answer / guest
Answer: A
The payment process is more efficient because it involves
virtually no manual intervention. This reduces the chance
that transcription errors will occur as the information is
entered into the accounts payable system. International EFT
banking standards do not dictate the form that transactions
should take. The decrease in the number of paper-based
payment forms makes processing easier, but most companies
will accept payment in whichever form the customer is
willing to use. The reduction of unauthorized changes to
payment transactions is not a major reason for going to EFT.
| Is This Answer Correct ? | 2 Yes | 1 No |
Using test data as part of a comprehensive test of program controls in a continuous online manner is called a/an: A. test data/deck. B. base case system evaluation. C. integrated test facility (ITF). D. parallel simulation.
An IS auditor is conducting substantive audit tests of a new accounts receivable module. The IS auditor has a tight schedule and limited computer expertise. Which would be the BEST audit technique to use in this situation? A. Test data B. Parallel simulation C. Integrated test facility D. Embedded audit module
Which of the following would an IS auditor consider to be the MOST helpful when evaluating the effectiveness and adequacy of a computer preventive maintenance program? A. A system downtime log B. Vendors' reliability figures C. Regularly scheduled maintenance log D. A written preventive maintenance schedule
The MAIN reason for requiring that all computer clocks across an organization be synchronized is to: A. prevent omission or duplication of transactions. B. ensure smooth data transition from client machines to servers. C. ensure that email messages have accurate time stamps. D. support the incident investigation process.
An IS auditor is auditing the controls relating to employee termination. Which of the following is the MOST important aspect to be reviewed? A. The related company staff are notified about the termination B. User ID and passwords of the employee have been deleted C. The details of employee have been removed from active payroll files D. Company property provided to the employee has been returned
Which of the following database administrator (DBA) activities is unlikely to be recorded on detective control logs? A. Deletion of a record B. Change of a password C. Disclosure of a password D. Changes to access rights
A company performs full backup of data and programs on a regular basis. The primary purpose of this practice is to: A. maintain data integrity in the applications. B. restore application processing after a disruption. C. prevent unauthorized changes to programs and data. D. ensure recovery of data processing in case of a disaster.
In the ISO/OSI model, which of the following protocols is the FIRST to establish security for the user application? A. Session layer. B. Transport layer C. Network layer D. Presentation layer
Receiving an EDI transaction and passing it through the communications interface stage usually requires: A. translating and unbundling transactions. B. routing verification procedures. C. passing data to the appropriate application system. D. creating a point of receipt audit log.
An IS auditor reviewing back-up procedures for software need only determine that: A. object code libraries are backed up. B. source code libraries are backed up. C. both object and source codes libraries are backed up. D. program patches are maintained at the originating site.
Which of the following would provide a mechanism whereby IS management can determine if the activities of the organization have deviated from the planned or expected levels? A. Quality management B. IS assessment methods C. Management principles D. Industry standards/benchmarking
A manufacturing firm wants to automate its invoice payment system. Objectives state that the system should require considerably less time for review and authorization and the system should be capable of identifying errors that require follow up. Which of the following would BEST meet these objectives? A. Establishing an inter-networked system of client servers with suppliers for increased efficiencies B. Outsourcing the function to a firm specializing in automated payments and accounts receivable/invoice processing C. Establishing an EDI system of electronic business documents and transactions with key suppliers, computer to computer, in a standard format D. Reengineering the existing processing and redesigning the existing system
Cisco Certifications 
