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

question 49

Multiple Choice

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

• A)IT system restricts access to individuals authorized to adjust cash balances
• B)IT system restricts access to individuals authorized to input cash transfers between bank and accounts
• 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 B
• G)both B and C
• H)Both C and E

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Definitions:

Nasogastric (NG) Tube

A flexible tube passed through the nose into the stomach for feeding or medication delivery.

Impaired Swallowing

Difficulty in the passage of solids or liquids from the mouth to the stomach, often referred to as dysphagia.

Absent Bowel Sounds

An indication that there is reduced or no activity in the intestines, which could suggest a blockage or other gastrointestinal issues.

Patent Nares

Refers to nostrils that are open and unobstructed, allowing for easy airflow.