The Existence of IT-Based Business Processes, That Result in the Details

question 33

Multiple Choice

The existence of IT-based business processes, that result in the details of the transactions being entered directly into the computer system, increases the likelihood of the loss or alternation of data due to all of the following, except:

• A)System Failure
• B)Database Destruction
• C)Programmer Incompetence
• D)Environmental Damage

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Definitions:

Accounting Standards

Rules and guidelines set by regulatory bodies that dictate how financial transactions and accounting practices should be recorded and reported.

Foreign Subsidiary

A company that is partially or wholly owned and controlled by a parent company but operates in a different country.

Accounting

The systematic recording, reporting, and analysis of financial transactions of a business.