What is the effect of not returning all client-provided documents upon request?

Q: Which files are often found in a sales order module as opposed to an account receivable (customer)…

A: The Answer

Q: Which of the following is NOT a control implication of distributed data processing? a. redundancy b.…

A: Distributed data processing is a computer network system in which different computers across the…

Q: What type of internal control would recalculating the totals on a computer report be?

A: Step 1:   The rules and procedures implemented by a company to ensure the integrity of the…

Q: How do automated authorization procedures differ from manual authorization procedures?

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Q: How would you find errors in recording transactions and what is the process to correct errors?

A: Often, adding a journal entry will fix an accounting error. The journal entry adjusts the retained…

Q: le memos are the basis for the formal communication that will be read by the clients. Is it true or…

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Q: True or false, the individual posting account balance right offs should be given complete authority…

A: The write-off refers to the amount that is deducted from the receivables balance because this is the…

Q: What is (are) the purpose(s) of maintaining a valid vendor file?

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Q: Which of the following files is a temporary file? a. transaction file b. master file c. reference…

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Q: A backlog in recording transactions is an example of a warning sign from the accounting system. True…

A: In an accounting system,financial transactions need to be recorded to account for them. A…

Q: Discuss any separation of duties necessary to control against unauthorized entries to the general…

A: General Ledger:  The financial information required for the preparation of financial reports of…

Q: Which of the following is a control that can be used to ensure that all of the components of an…

A: The procedures for rejection inputs is a  control that can be used by the auditor to ensure that all…

Q: Internal control is enhanced by separating the control of a transaction from the record-keeping…

A: Internal control function is implemented in the organizations so that internal policies and…

Q: FireballCompany requires that all documents supporting a check (purchase order, invoice, and…

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: Which of the following is NOT part of the systems implementation process? a. converting databases b.…

A: Select the correct option from the above.

Q: How are the summary views in a data warehouse different from views in an operational database?

A: Data Warehousing:   Data warehousing is a method through which an organization collect and manage…

Q: Where does the client initiate the setup of QuickBooks Payments

A: QuickBooks seems to be an accounting software company whose services include desktop, internet, and…

Q: What alternative procedures should be applied to accounts that do not return confirmations?

A: Confirmation of accounts receivable:  When the auditor has examined the documents of the clients…

Q: Access, form

A: Forms in Access allow users to view database or edit it.

Q: What type of internal control is matching supporting documents before paying an invoice?

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: How does a direct access file processing system edit individual transactions?a. takes place in a…

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Q: Ledger accounts are updated through a process called posting.  True  False

A: Posting is a process through which the journal entries are transferred to their respective ledger…

Q: Is access control of greater concern in the flat-file or database file environment?

A: Access Control: Access control can be defined as a process which is incorporated into the IT…

Q: How would you find errors in recording transactions and what is the process to correct errors?…

A: Accounting error: Accounting errors can be defined as omission of the fundamental accounting…

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

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Q: What types of unique control problems are created by the use of PC accounting systems?

A: PC accounting systems are usually used by small firms and also sometimes by decentralized large…

Q: Explain the GPC backup technique. Is it used for sequential files or direct access techniques?…

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Q: What is a prefiling conference, and why might it be helpful to a registrant?

A: Prefilling conference: A prefilling conference is requested by a company if it faces problems or…

Q: Why might an auditor use a program flowchart?

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

Q: Which of the following is NOT true of a turn- around document? a. They may reduce the number of…

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Q: How is the access control list approach different from RBAC?

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Q: What is the role of a Database Administrator?

A: Database:  A database can be defined as a collection of structured data which is stored in digital…

Q: What type of internal control is verifying source documents before recording transactions?

A: Step 1:   The verification of source documents means to check if all the documents relating to a…

Q: “If we document a system with a systems flowchart and data flowdiagrams, we have overdocumented the…

A: AIS termed as Accounting information system which is defined as the structure that the companies…

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

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