A Holding Company Set Up a Centralized Group Technology Department

question 259

Multiple Choice

A holding company set up a centralized group technology department, using a local area network with a mainframe computer to process accounting information for all companies within the group. An internal auditor would expect to find all of the following controls within the technology department except:

• A) Adequate segregation of duties between data processing controls and file security controls.
• B) Documented procedures for remote job entry and for local data file retention.
• C) Emergency and disaster recovery procedures and maintenance agreements in place to ensure continuity of operations.
• D) Established procedures to prevent and detect unauthorized changes to data files.

Understand how to customize PowerPoint layouts and slide masters.

Recognize the capabilities of PowerPoint's design and formatting tools, including background customization and theme alterations.

Comprehend the functionality of PowerPoint's animation features and how to apply them.

Recognize the use and management of comments within PowerPoint presentations.

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Definitions:

Housing Bubble

An economic condition characterized by rapid increases in the valuations of real property until they reach unsustainable levels followed by a sharp decline.

Real Terms

Values adjusted for inflation, reflecting the actual purchasing power.

Behavioral Economics

The study of psychology as it relates to the economic decision-making processes of individuals and institutions.

Economic Theory

A set of principles that aim to explain how economies work and how economic agents interact.