quiz 7 - Quiz 7 88% 1.

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
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).
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

quiz 7 - Quiz 7 88% 1.

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online