All of the Following Tests of Controls Will Provide Evidence

question 93

Multiple Choice

All of the following tests of controls will provide evidence about the physical security of the computer center except

• A)review of fire marshal records
• B)review of the test of the backup power supply
• C)verification of the second site backup location
• D)observation of procedures surrounding visitor access to the computer center

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Definitions:

Economic Crisis

A situation where an economy experiences a sudden downturn brought on by a financial crisis, leading to a significant decline in activity across the market.

Accepts Credit Cards

This term indicates a business's or entity's capability to process transactions using credit cards as a form of payment.

Form of Factoring

A financial transaction where a business sells its accounts receivable to a third party at a discount to improve cash flow.

Securitizations

The process of pooling various types of contractual debt such as mortgages or loans and selling their related cash flows to third party investors as securities.