Which of the Following Controls in a Computerized Consumer Loan

question 266

Multiple Choice

Which of the following controls in a computerized consumer loan system of a major bank would be the least effective in detecting a fraudulent loan?

• A) All log-in accounts become inaccessible after three incorrect password attempts.
• B) Loan approvals over a pre-determined limit must have management approval.
• C) Customer information is matched to payment data prior to funds disbursement.
• D) System controls prevent supervisors from delegating their approval authority during vacation periods.