An Internal Control Deficiency Occurs When Computer Personnel

question 102

Multiple Choice

An internal control deficiency occurs when computer personnel

• A) participate in computer software acquisition decisions.
• B) design flowcharts and narratives for computerized systems.
• C) originate changes in customer master files.
• D) provide physical security over program files.

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Definitions:

Accumulated Depreciation

The aggregate cost of a tangible asset that has been amortized as a depreciation expense from the time the asset started being used.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Correcting Entries

Journal entries made to correct errors found in the accounting records after the posting process.

Service Revenue

Income earned by a company for the services it has provided to its customers.