A Key Control Concern Is That Certain People Within an Organization

question 88

Multiple Choice

A key control concern is that certain people within an organization have easy access to applications programs and data files. The people are:

• A) data librarians
• B) systems programmers
• C) systems development
• D) data center managers

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Definitions:

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.

Currency Exchange Rates

The price at which one country's currency can be converted into another's, important for international trade and investments.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period, usually a fiscal quarter or year.

Depreciation Expense

Represents the systematic reduction in the recorded cost of a fixed asset over its useful life.