According to IIA Guidance, Which of the Following Is the Best

question 372

Multiple Choice

According to IIA guidance, which of the following is the best example of a system application control?

• A) A physical security control over a data center.
• B) A system development life cycle control.
• C) A program change management control.
• D) An input control over data integrity.

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Definitions:

Accumulated Depreciation

Accumulated depreciation represents the total amount of depreciation expense that has been recorded against a fixed asset since it was acquired and put into use.

Retained Earnings

The amount of net income left over for a business after it has paid out dividends to its shareholders.

Journalizing

Journalizing is the process of recording transactions in the accounting journals as part of the double-entry bookkeeping system.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, ultimately resetting the temporary accounts for the new fiscal period.