All of the Following Are Control Risks Associated with the Distributed

question 101

Multiple Choice

All of the following are control risks associated with the distributed data processing structure except

• A)lack of separation of duties
• B)system incompatibilities
• C)system interdependency
• D)lack of documentation standards

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Definitions:

Accounts Payable

Liabilities of a business that are owed to creditors for goods or services purchased on credit.

Operating Activity

Transactions that relate to the primary business operations, such as revenue from sales and expenses for materials and labor.

Supplies

Items used in the operation of a business that are not directly tied to the products or services offered, such as office supplies.

Accounts Payable

This refers to the amounts owed by a company for goods or services that have been received but not yet paid for.