Compensating Controls

question 28

Multiple Choice

Compensating controls

• A)occur before the transaction is complete.
• B)are controls used by management to offset the risk in another procedure.
• C)are used because it is cost effective to implement particular control procedures.
• D)if effective will prevent misstatements in a timely fashion.

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Definitions:

Websites

Collections of web pages, images, videos, and other digital assets that are hosted on one or several web server(s), accessible via the Internet.

Public-Key Encryption

A type of encryption where two keys, known as a key pair, are created. One key is used for coding and the other for decoding. The key for coding is distributed as a public key, whereas the private key is retained for decoding.

Key Pair

The two keys used in public-key encryption.

Instant Messaging

A type of online communication service that enables real-time text transmission over the internet.