IT Controls That the Auditor Might Expect to Find in the Cash

question 85

Multiple Choice

IT controls that the auditor might expect to find in the cash process are

• A)IT system restricts access to individuals authorized to adjust cash balances
• B)IT system restricts access to individuals authorized to input investment purchases and investment sales
• C)Trading and available-for-sale investments must have a broker's advice number to be entered into the accounting system
• D)Bank transfer report is generated daily (weekly or monthly)and is reviewed by an individual one level above the level making the transfer
• E)Held-to-maturity investments must have a face value,which includes the stated amount of the bond and the discount or premium on the bond
• F)both A and D
• G)both B and C
• H)both C and E

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Definitions:

Column-shaped Cells

Also known as columnar cells, these are elongated cells resembling pillars, helping in absorption, secretion, and protection; found in the lining of the digestive tract and respiratory system.

Flat Cells

A type of cell with a thin, flat shape, often found in layers lining surfaces such as the skin or blood vessels; also known as squamous cells.

Organ System

Group of related organs working together; examples are the digestive and endocrine systems.

Muscular

Relating to or constituting muscle or muscles, particularly regarding strength, appearance, or the ability to perform physical tasks.