ACC/564 ACC564 ACC 564 WEEK 11 FINAL EXAM PART 1

Data must be converted into information to be considered useful and meaningful for decision-making. There are six characteristics that make information both useful and meaningful. If information is free from error or bias and accurately represents the events or activities of the organization, it is representative of the characteristic of

Paid time-off policies, job descriptions, and procedures manuals are examples of information needed to support key decisions in what business process?

The primary objective of accounting is to

Information is

Which of the following is a primary activity in the value chain?

What usually initiates data input into a system?

A specialized journal would be most likely to be used to enter

The general ledger

Data must be collected about three facets of each business activity. What are they?

The general ledger account that corresponds to a subsidiary ledger account is known as a

Chas Mulligan has been hired by Yardley Security as an assistant to the internal auditor. He has been asked to thoroughly document the existing accounting information system in preparation for making recommendations for improvements. He decides to begin by meeting with the information technology staff in order to develop an understanding of the computer programs used by the system. The documentation tool that he should employ for this purpose is a

A flowchart that depicts the relationships among the input, processing, and output of an AIS is

Graphical representations of information are often supplemented by

Chuck and Jill Scruggs travel in their motor home six months of the year and buy unique artifacts. Within hours after the Scruggs make a purchase, they have photographed it, written a description of it, and posted it for sale on eBay with a reservation price. Anything that does not sell within a week is shipped back to Austin, Texas, for display in The House of Curiosities, a retail business that the Scruggs operate during the balance of the year. Which symbol should be used to represent the transfer of data to eBay in a context diagram of this process?

The Sarbanes-Oxley Act requires independent auditors to

The data dictionary usually is maintained

The potential inconsistency that could occur when there are multiple occurrences of a specific data item in a database is called the

Which one of the following results corresponds to the query below?

The database requirement that foreign keys must be null or have a value corresponding to the value of a primary key in another table is formally called the

When the human resources manager wants to gather data about vacation and personal day usage by employees and by departments, the manager would use which language?

Most fraud perpetrators are insiders because

In a ________ scheme, customer receipts are stolen and then subsequent payments by other customers are misapplied to cover the theft of the original receipts.

One fraudulent scheme covers up a theft by creating cash through the transfer of money between banks. This is known as

A simple method for catching or preventing many types of employee fraud is to

The most efficient way to conceal asset misappropriation is to

A ________ is similar to a ________, except that it is a program rather than a code segment hidden in a host program.

Computer fraud perpetrators that modify programs during systems development, allowing access into the system that bypasses normal system controls are using

Tapping into a communications line and then entering the system by accompanying a legitimate user without their knowledge is called

The unauthorized use of special system programs to bypass regular system controls and perform illegal act is called

During a routine audit, a review of cash receipts and related accounting entries revealed discrepancies. Upon further analysis, it was found that figures had been entered correctly and then subsequently changed, with the difference diverted to a fictitious customer account. This is an example of

According to the ERM, these deal with the effectiveness and efficiency of company operations, such as performance and profitability goals.

According to the ERM, these objectives help ensure the accuracy, completeness and reliability of internal and external company reports.

Corporate policy that requires a purchasing agent and purchasing department manager to sign off on asset purchases over $1,500 is an example of

Congress passed this federal law for the purpose of preventing financial statement fraud, to make financial reports more transparent and to strengthen the internal control of public companies.

The risk that exists before management takes any steps to control the likelihood or impact of a risk is

This protocol specifies the structure of packets sent over the internet and the route to get them to the proper destination.

Which of the following preventive controls are necessary to provide adequate security for social engineering threats?

The process that allows a firewall to be more effective by examining the data in the body of an IP packet, instead of just the header, is known as

An access control matrix

Which of the following is an example of a detective control?

Which of the following is not associated with asymmetric encryption?

The system and processes used to issue and manage asymmetric keys and digital certificates are known as

A process that takes plaintext of any length and transforms it into a short code.

Which of the following is not one of the three important factors determining the strength of any encryption system?

Asymmetric key encryption combined with the information provided by a certificate authority allows unique identification of

This tests a numerical amount to ensure that it does not exceed a predetermined value.

When a computer system's files are automatically duplicated on a second data storage system as they are changed, the process is referred to as

This control protects records from errors that occur when two or more users attempt to update the same record simultaneously.

This data entry control compares the ID number in transaction data to a master file to verify that the ID number exists.

Check digit verification is an example of a(n)