Identify instances for which feedback becomes useless in helping to control activities.

Q: Explain the problems associated with lack of director independence.

A: An independent director is a director of board of directors who does not have a material…

Q: What is the fundamental concept behind the rule of least access? Explain why this is a potential…

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Q: This method of documenting understanding of internal control structure is advantageous because it…

A: This method of documenting understanding of internal control structure is advantageous because it…

Q: Which of the following is not one of the elements of a good system of internal control? a.Control…

A: Internal controls are the policies and procedure implemented by the organization to control day to…

Q: What control procedures can be used to achieve control over computer operations in an…

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Q: Determine whether each procedure described below is an internal control strength or weakness; then…

A: Weakness or strength along with IC Principle :- 1 Weakness - Apply technological controls 2 Weakness…

Q: hich of the following types of behavior is noted as the most common or frequent problems being…

A: Answer: types of behavior is noted as the most common or frequent problems being observed by…

Q: Give an explanation about this statement: Why does control or internal control fails?

A: Internal control refers to the process of implementing and exercising the various mechanisms, rules,…

Q: Which of the following is NOT an advantage ofcommercial software?a. Costb. Independencec.…

A: The software market has infiltrated every aspect of a business or service as technology has…

Q: Explain why an organization would choose to install a distributed instead of a centralized computer…

A: Choosing Distributed Data Processing: There are one or more mainframe computers in centralized…

Q: iscuss the importance of the role of data administrator. In the flat-fie environment, why is such a…

A: Database Management: Database management refers to management of databases held within an…

Q: Explain the risks associated with the creation of unnecessary roles and why it can happen.

A: Role Based Access Control: RBAC can be defined as an access control which is used to restrict the…

Q: In the absence of protocols, networks would be unusable. Describe the significance of these…

A: Answer: Concept: Network can be defined as the connection of devices sharing data provided under…

Q: If management control and strategic planning decisions do not receive a high level of support from…

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Q: Which of the following is NOT an example of a decisional role according to Mintzberg? Select one: O…

A: According to Mintzberg, at the managerial level, the most crucial and important part is to make the…

Q: User acceptance testing is more important in an object-oriented development process than in a…

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Q: How does the Representational faithfulness is enhanced if information is free from error?

A: Accounting:   Accounting is the process of recording the financial transaction of the organization…

Q: According to Simon (1999) the most appropriate Lever of Control to address a lack of opportunity or…

A: According to Simmon (1999) One of the most difficult problems managers face today is maintaining…

Q: What are the advantages and disadvantages of documenting internal control by using (1) an…

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Q: Discuss the implications of not having a data governance framework to support product analytics

A: Data governance is referred as the process of the management of the usability, integrity,…

Q: If detective controls signal error flags, why shouldn’t these types of controls automatically make a…

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Q: ntages of using different man

A: Software is combination of many program that works together to achieve a desired function. These…

Q: If detective controls signal error flags, why shouldn’t this type of controls automatically make a…

A: Definition:   Internal control: Internal control involves the norms and rules which are followed…

Q: Which of the following is NOT a data communications control objective?a. maintaining the critical…

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Q: When an ERP implementation fails, who is to blame? Is it the software manufacturer, the client firm,…

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Q: Why might an auditor use a program flowchart?

A: Flowchart:   Flowchart is representation of procedures concerned with the transactions in the…

Q: Feedback from the control function helps managers compare actual results with planned results and…

A: Business wants to grow and check the progress every-time and for that the comparison is necessary to…

Q: Discuss why control procedures over access to the data resource become more crucial under the…

A: Definition: Database Management: Database management refers to the management of databases held…

Q: How does management by exception help to alleviate information overload by a manager?

A: Management by Exception:  The technique used by the manager to restrict the focus to specific…

Q: Explain how SAP uses roles as a way to improve internal control.

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Q: COSO to Assess IT Controls

A: Answer:  Internal control is very basic measure to minimize the risk in any organization. In today's…

Q: Which statement about flowcharts is correct? a. They list internal control activities that are…

A: Flowchart is a visual representation which shows the business process flow happening in an…

Q: Why is it risky to allow programmers to create user subschemas and assign access authority to users?…

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Q: Explain why monitoring alone cannot completely eliminate the agency costs

A: The costs incurred as a result of conflict of interest between company and its stakeholders is known…

Q: The installation of a database management system is likely to have the least impact ona. data…

A: The software used for the management and organization data, and provide the user with various ways…

Q: How testing transaction as appropriate in in

A: Internal Control System: An internal controls system includes a group of rules, policies, and…

Q: Explain the importance of auditing in reducing information risk.

A: Auditing refers to the evaluation conducted to determine the effectiveness of a firms internal…

Q: Explain with an example why any computer-based application control cannot function on its own and…

A: Controls are put in place in order to check, detect and control the given situation and to record…

Q: Explain how the formalization of tasks promotes internal control.

A: Internal Control: Internal control involves the norms and standards followed by a company to…

Q: What are some strengths and weaknesses in the  AIS system and ways to improve any weaknesses…

A: AIS stands for Accounting information system which is a method based of computer used through…

Q: Discuss the characteristics of a computerized information system that make it different from the…

A: The system which is used to record and store the accounting or financial information is termed the…

Q: Why is it often difficult to obtain competent and meaningful user involvement in the SDLC?

A: System Development Life Cycle (SDLC): System Development Life Cycle (SDLC) is a system development…

Q: Why is IT control and auditability so important in today's virtual environment?

A: Today's virtual environment has changed the aspects of traditional accounting and audit process…

Q: What are the strengths and weaknesses that you see in the system and ways that you would improve any…

A: Systems development is an integral part of modern corporate world. Systems play an important role in…

Q: Discuss the importance of the role of the database administrator. In the flat-file environment, why…

A: