Which of the Following May Present Itself as the Biggest

question 69

Multiple Choice

Which of the following may present itself as the biggest risk to centralizing information responsibilities that were traditionally separate?

• A) IT personnel with access to software and master files may misappropriate assets
• B) IT personnel with access to software and master files may lack the accounting skills necessary to provide useful information to management
• C) IT personnel with access to software and master files may not understand the linkages between general and application controls
• D) IT personnel with access to software and master files may not be able to convert the company's operational policies to an IT environment

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Definitions:

Seller's Name

The designation or name of the individual or entity selling goods or services in a transaction.

Arrival Date

Typically refers to the expected or actual date on which something arrives, often used in the context of goods delivery or travel.

Trade Discount

A reduction in the list price granted by a seller to a buyer based on the volume or value of the purchase.

FOB Shipping Point

A term used in shipping agreements indicating that the buyer is responsible for the goods and the shipping costs as soon as they leave the seller’s premises.