Which of the following is the most important, basic, and effective control to deter fraud? a. Enforced

Question:

Which of the following is the most important, basic, and effective control to deter fraud?

a. Enforced vacations

b. Logical access control

c. Segregation of duties

d. Virus protection controls

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Information Systems

ISBN: 9781292060521

13th Global Edition

Authors: Marshall B. Romney, Paul John Steinbart

See More Books

Question Posted: Dec 25, 2023 04:22 AM

See More Questions

Multiple Choice 1. An auditors primary consideration regarding an entitys internal controls is whether they a. Prevent management override. b. Relate to the control environment. c. Reflect...
1. For the control activities to be effective, employees maintaining the accounts receivable subsidiary ledger should not also approve a. Employee overtime wages. b. Credit granted to customers. c....
Multiple Choices Questions 1. Which of the following would be considered a significant deficiency in an organization's control environment? a. The internal audit function is outsourced to a public...
9. What is the coordination entity formed when excess of aqueous KCN is added to an aqueous solution of copper sulphate? Why is it that no precipitate of copper sulphide is obtained when H2S(g) is...
Mason Co. issued $60,000,000 of five-year, 14% bonds with interest payable semiannually, at an effective interest rate of 10%. Determine the present value of the bonds payable, using the present...
Identify the premises and conclusions in the following passages. Some premises do support the conclusion, others do not. Note that premises may support conclusions directly or indirectly and that...
Harold, a board member of a Fortune 500 corporation, has just discovered at a board meeting that the company will acquire a competitor and that the company stock will likely increase once this...
The cash account for Remedy Medical Co. at April 30, 2014, indicated a balance of $18,885. The bank statement indicated a balance of $23,775 on April 30, 2014. Comparing the bank statement and the...
1. Identify the product which represents the solid state in the above reaction. a) Barium chloride b) Barium sulphate c) Sodium chloride d) Sodium sulphate 2. The colour of the solution observed...
Prepare a simple tax provision and the journal entries to calculate the current and the deferred tax provision (benefit) using the following data: a. ABC, Inc. reported pre-tax book income of...
The ACFE periodically prepares an article called What Is Your Fraud IQ? It consists of 10 or more multiple choice questions dealing with various aspects of fraud. The answers, as well as an...
Which of the following control procedures is most likely to deter lapping? a. Encryption b. Continual update of the access control c. Background check on employees d. Periodic rotation of duties
Why isnt flash RAM commonly used to implement primary storage?
A firm's production function is $q=K^{0.4} L^{0.6}$. What is the firm's cost-minimizing input bundle when $w=3$ and $r=4$ ? Draw a diagram depicting the firm's long-run expansion path. What is...
In order to verify that all of its nontree edges are back edges, redraw the graph from Figure 14.8b so that the DFS tree edges are drawn with solid lines and oriented downward, as in a standard...
Has your organization utilized analytical tools to manage sustainable performance? If so, what tools were used?
Charlie Delano grew up working at his grandparents chocolate shop. He worked at the register every weekend, while leaving the artistry of candy making to the time-honed skill of his grandmother and...
Using the risk balancing formulation, when is debt profitable?
An end items demand forecasts for the next 10 weeks are 30, 30, 30, 30, 20, 20, 30, 30, 30, and 30 units. The current on-hand inventory is 100 units. The order policy is to produce in lots of 75. The...
How do the principles of (a) Physical controls and (b) Documentation controls apply to cash disbursements?
The following is a list of six control plans from this chapter or from Chapter 9. Control Plans A. Digital signatures B. Manually reconcile batch totals C. Preformatted screens D. One-for-one...
The following is a list of six control plans from this chapter or from Chapter 9. Control Plans A. Digital signatures B. Manually reconcile batch totals C. Preformatted screens D. One-for-one...
There are many opportunities for fraud within the OE/ S process. One of these opportunities is the use of the system to fraudulently ship goods to an employee, posing as a customer. Describe the...
Explain the following for the marketing plan for introducing men's flex jeans by Levi's: Product review: Explain what are the products offered by the company, Overall product strategy: Explain the...
Last year, Koko purchased < 1% of the stock of PCorp, a foreign corporation that meets the definition of a PFIC. Pcorp paid Koko a $1,000 dividend last year and a $20,000 dividend in the current...
Some information is provided below about five different investment funds, each investing in a different portfolio of assets. The funds are based in the United States (US) and some additional...

Which of the following is the most important, basic, and effective control to deter fraud? a. Enforced

Question:

Step by Step Answer:

a Incorrect Enforced vacations will prevent or dete...View the full answer

Accounting Information Systems

Students also viewed these Business questions