Potential Benefits of an Entity's Controls in an IT Environment

question 101

Multiple Choice

Potential benefits of an entity's controls in an IT environment include all of the following except:

• A) Reduction in the risk that controls will be circumvented.
• B) More accurate accounting estimates.
• C) Consistent application of predefined business rules.
• D) More timely information.

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Definitions:

Sample SD

The standard deviation of a sample, a measure of the dispersion or variability of data points within the sample.

Population Mean

The average value of a set of characteristics for the entire population.

Sample Weigh-Ins

Occasions when samples, such as those in research or competitions, are weighed to ensure they meet certain criteria or for data collection purposes.

Known Variance

A statistical term referring to the situation where the variance of a population is a known quantity.