The Use of a Secure File Library and Restrictions on Physical

question 99

Multiple Choice

The use of a secure file library and restrictions on physical access to data files are control procedures used together to prevent

• A)an employee or outsider obtaining data about an important client.
• B)a data entry clerk from introducing data entry errors into the system.
• C)a computer operator from losing or corrupting files or data during transaction processing.
• D)programmers making unauthorized modifications to programs.

Recognize the importance of followership and its theories in the study of leadership.

Learn about the constructs of leadership identity construction and the negotiation of leadership roles.

Understand the principles and importance of professional responsibility and ethical considerations in accounting.

Recognize the legal aspects of the accountant-client privilege and its limitations.

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Definitions:

Security Interest

A legal claim or right granted to a creditor over the borrower's assets as a security for the repayment of a loan.

Repossessed Collateral

Assets that have been taken back by the lender from the borrower, usually due to default on a loan.

Security Interest

A security interest is a legal claim or entitlement provided to a lender or creditor over the borrower's assets, serving as collateral for the repayment of a loan or obligation.

Attached

Pertaining to property law and commercial transactions, it refers to the legal process by which a security interest is formally linked to specific assets, making it enforceable against third parties.