quiz 7 - Quiz 7 88 1 _ standards A.(PCAOB 2 D. 3

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Quiz 7 – 88% 1. The Sarbanes-Oxley Act created the _______ which now establishes auditing  standards. A. Public Company Accounting Oversight Board (PCAOB) 2. An example of a Logical control is: D. software that restricts unauthorized users from accessing a computer screen 3. In Exercise 7-8 in the homework assignment, the adjusted cash balance per  BANK is: 4. i n PROBLEM 7-3B, Adjusted cash balance per Book is D. $7,984.50 5. The true statement about Internal Controls is: C. Exposure is a determined by considering both risks and the value of the asset to be  safeguarded. 6. Internal Controls can do which of the following? A. Prevent, Detect and Correct 7. The three activities that should be separated are: A. Authorization, Custody, and Record Keeping 8. Internal controls are concerned with C. safeguarding assets. 9. In ERP systems, a Job Function is defined B. generically as a “role” (or specifically as a “Profile” in SAP).
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This note was uploaded on 07/16/2010 for the course ACCT 2302 taught by Professor Dr.winking during the Spring '10 term at Tulane.

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quiz 7 - Quiz 7 88 1 _ standards A.(PCAOB 2 D. 3

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