One physical computer can be used to host multiple instances of operating systems, and multiple users can separately access those separate operating systems. This is an example of:   A) blockchain.   B) value chain.      C)Virtualization.    D)distributed computing.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
Section: Chapter Questions
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One physical computer can be used to host multiple instances of operating systems, and multiple users can separately access those separate operating systems. This is an example of:

 

A) blockchain.

 

B) value chain.

 

 

 C)Virtualization.

 

 D)distributed computing.

 

 

 

Controls that are designed to apply to an entire control environment are called:.

 

 A)Integrated controls.

 

 B)Application controls .

 

C)General controls .

 

D)Governance controls.

 

 

 

 

This internal control framework is used by many public companies that file with the SEC in the United States: .

 

A)COBIT.

 

 B)PCAOB.

 

 

C) ERM.

 

D)coso.

 

 

In conversations, Bob told Alice that a property for sale had an "ocean view." She was so motivated that she made an offer and gave money as a down payment. When she went to see the property the ocean was not visible because it was too far away. Which element of fraud is illustrated by this story?.

 

A) Misappropriation of assets.

 

 

 B)Corruption .

 

C)Material fact .

 

 

D)Pressure

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