Organizations Periodically Have an External Entity Review the Controls So

question 73

Multiple Choice

Organizations periodically have an external entity review the controls so as to uncover any potential problems in the controls.This process is called ________.

• A) information systems audit
• B) risk analysis
• C) information modification
• D) recovery plan objective analysis
• E) business continuity plan

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Definitions:

Accounts Payable

Accounts payable are liabilities or money owed by a company to its creditors for goods and services received.

Uniform Partnership Act

Laws enacted in most states that govern how a partnership is formed, operated, and liquidated.

John Partner's, Capital

Represents the account on a balance sheet indicating the value of an owner's (John Partner, in this case) interest in the business.

Cash

A form of currency that includes coins and currency notes, used as a medium of exchange.