Which of the Following Input Controls Would Be Least Likely

question 12

Multiple Choice

Which of the following input controls would be least likely to identify the failure of an employee to input a transaction for which documentary evidence has been prepared?

• A)Batch totals.
• B)Hash totals.
• C)Missing data tests.
• D)Sequence tests.

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Definitions:

Interest Rate

The cost, represented as a fraction of the principal, imposed by a creditor on a debtor for the borrowing of assets.

Processing

The action of performing a series of mechanical or chemical operations on something in order to change or preserve it.

Clearing

The process of reconciling purchases and sales of various options, futures, or securities, and the direct transfer of funds from one financial institution to another.

Net Float

The difference between checks written against and deposited in an account, before those checks have been cleared and settled.