Which of the Following Would the Auditors Consider to Be

question 61

Multiple Choice

Which of the following would the auditors consider to be a weakness in an IT system?

• A) Operators have access to terminals.
• B) Programmers are allowed access to the file library.
• C) Reprocessing of exceptions detected by the computer is handled by a data control group.
• D) More than one employee is present when the computer facility is in use.

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Definitions:

External Users

Individuals or entities outside a company who use its financial information, such as investors, creditors, analysts, and regulatory agencies, for decision-making purposes.

Ending Finished Goods Inventory

The value of all the finished goods held by a company at the end of an accounting period, ready for sale.

Balance Sheet

A financial statement that displays a company's assets, liabilities, and equity at a specific point in time.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, providing insight into its profitability or loss.