A Special Supervisor's Password Is Required in Order to Add

question 23

Multiple Choice

A special supervisor's password is required in order to add a new employee to the personnel data master file. This control relates primarily to the

• A) existence or occurrence assertion.
• B) completeness assertion.
• C) presentation assertion.
• D) accuracy and valuation assertion.

---

Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with predetermined dividends.

Debt Instrument

A written obligation to repay borrowed funds or debts under defined terms, such as bonds, notes, or mortgages.

Preemptive Rights

Privileges granted to existing shareholders to buy additional shares in the company before the shares are offered to the public, thereby protecting their ownership percentage.

Issued Stock

Refers to the number of shares that a company has officially issued to shareholders.