Pkg Acc Infor Systems MS VISIO CD
10th Edition
ISBN: 9781133935940
Author: Ulric J. Gelinas
Publisher: CENGAGE L
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Textbook Question
Chapter 8, Problem 4RQ
Describe some compensating controls that can be used to reduce exposures when it is not possible to properly segregate duties in a small organization.
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Students have asked these similar questions
Which of the following items is an example of an inherent limitation in an intrnal control system?
A. Segregation of employee duties
B. Human error in decision making
C. Ineffective board of directors
D. Understaffed internal audit functions.
When is more frequent monitoring of internal controls not required?*
When employees are poorly trained.
When the control activity and risk being managed are important.
When a department is making changes to an application being used in that department.
When internal controls have recently been changed to reduce the frequency of errors.
Your organisation is disturbed that some staff members are clocking on for others who do not report for work. Recommend controls that will minimize this menace?
Chapter 8 Solutions
Pkg Acc Infor Systems MS VISIO CD
Ch. 8 - What are the four major categories of pervasive...Ch. 8 - What are the differences among a pervasive control...Ch. 8 - Prob. 3RQCh. 8 - Describe some compensating controls that can be...Ch. 8 - What are policy controls plans? How do policies...Ch. 8 - Why should an organization conduct monitoring...Ch. 8 - Prob. 8RQCh. 8 - Prob. 14RQCh. 8 - What are the major elements of the strategic IT...Ch. 8 - Prob. 16RQ
Ch. 8 - Prob. 17RQCh. 8 - Prob. 18RQCh. 8 - What are the four stages through which a program...Ch. 8 - What steps are commonly included in a business...Ch. 8 - Prob. 21RQCh. 8 - Prob. 22RQCh. 8 - Prob. 23RQCh. 8 - Prob. 24RQCh. 8 - Prob. 25RQCh. 8 - Prob. 26RQCh. 8 - Prob. 27RQCh. 8 - Prob. 28RQCh. 8 - Prob. 30RQCh. 8 - Prob. 31RQCh. 8 - Prob. 32RQCh. 8 - Prob. 33RQCh. 8 - Prob. 1DQCh. 8 - Prob. 2DQCh. 8 - No matter how sophisticated a system of internal...Ch. 8 - Prob. 4DQCh. 8 - Prob. 5DQCh. 8 - Prob. 8DQCh. 8 - Prob. 9DQCh. 8 - Contracting for a hot site is too cost-prohibitive...Ch. 8 - Prob. 11DQCh. 8 - Prob. 12DQCh. 8 - Prob. 13DQCh. 8 - Prob. 1SPCh. 8 - Prob. 2SPCh. 8 - Prob. 3SPCh. 8 - Listed here are 20 control plans discussed in the...Ch. 8 - Prob. 3PCh. 8 - Prob. 4PCh. 8 - Prob. 5PCh. 8 - Prob. 7P
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Similar questions
- How does inherent risk relate to internal controls? Why is it important to assess inherent risks of material misstatement prior to evaluating the quality of an organization’s internal controls?arrow_forwardThe management of an organisation with a remote workforce is concerned that employees are clocking on for others who are not actually at work. What controls would reduce this risk?arrow_forwardWhat two types of exposures can close supervision of the receiving department reduce?arrow_forward
- Discuss limitations to establishing the system of internal controls at organization.arrow_forwardWhich one of the following is not included in the control environment? a. Integrity & Ethical values b. Organizational Structure c. Competence of Personnel d. External Auditorarrow_forwardExplain why managers who outsource their IT function may or may not also outsource responsibility for IT controls. What options are open to auditors regarding expressing an opinion on the adequacy of internal controls?arrow_forward
- Which of the following is not part of the definition of internal control? Separation of duties Safeguard assets Encourage employees to follow company policies Promote operational efficiencyarrow_forwardTrue or False Segregation of duties is one of the categories of control activities.arrow_forwardWhich of the following is not part of the definition of internal control? a. Separation of duties b. Safeguard assets c. Encourage employees to follow company policies d. Promote operational efficiencyarrow_forward
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