Which of the Following Are Typical Information System Controls That

question 157

Multiple Choice

Which of the following are typical information system controls that are used to ensure properly authorized transaction?

• A) Online validation routines that check dollar authority limits. II. Online user access controls. III. Automated balancing and reconciliation routine. IV. Edits that validate full completion of data input fields.
• B) I and II only
• C) II and III only
• D) III and IV only
• E) I, II, and IV only

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Definitions:

Major Division

A significant separation or segmentation within an organization, market, or field of study, typically characterized by distinct functions, products, or specialties.

Sarbanes-Oxley Act

A United States federal law that was enacted in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations.

Lead Auditor

A senior auditor responsible for managing the audit team and overseeing the audit process to ensure accuracy and compliance.

Close Corporation

A type of corporation that is often privately held and has a small number of shareholders. The corporate stock is not publicly traded and is subject to greater restrictions on its transferability.