An Internal Auditor Discovered That Several Unauthorized Modifications Were Made

question 154

Multiple Choice

An internal auditor discovered that several unauthorized modifications were made to the production version of an organization's accounting application. Which of the following best describes this deficiency?

• A) Production controls weakness.
• B) Application controls weakness.
• C) Authorization controls weakness.
• D) Change controls weakness.

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Definitions:

Payment

The act of giving money in exchange for goods, services, or to fulfill any obligations such as dividends to shareholders.

Annuity

A financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.

Interest

The charge for borrowing money or the return on investment for lending money, typically expressed as a annual percentage rate.

Investments

Funds committed into ventures with the expectation of earning a return or profit.