What Could Result from the Failure to Audit and Terminate

question 11

Multiple Choice

What could result from the failure to audit and terminate unused accounts in a timely manner?

• A)A disgruntled employee may send out phishing emails.
• B)A SOC 1 report will be generated.
• C)Computer hardware may be taken off premises.
• D)A disgruntled employee may tamper with company applications.

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Definitions:

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity.

Price Levels

The average level of prices for goods and services in an economy at a specific point in time.

Temporal Method

A foreign currency translation method used in accounting to convert transactions of foreign operations to the reporting currency.

Swedish Krona

The official currency of Sweden, often represented by the abbreviation SEK.