Matching
place the capital letter of the control goal that best matches the situation described. HINT: Some letters may be used more than once. Conversely, some letters may not apply at all.
Premises:
A batch of documents sent by the mail room to the accounts receivable department were lost in the intercompany mail and never recorded...
The cost of the people and computers needed to process incoming checks is less than the benefit obtained from the incoming funds...
In a manual bookkeeping system, cash receipts recorded correctly in the cash receipts journal but some were inadvertently posted to the wrong customer accounts.
In a manual bookkeeping system, an accounts receivable clerk failed to post an entire page of transactions from the cash receipts journal to the accounts receivable subsidiary ledger.
A mail room clerk fabricated a phony document for a friend to make it look like the friend had paid his account receivable balance. The phony document got recorded.
An accounts receivable clerk made a copy of the company's accounts receivable master data and sold this customer information to a competing company.
The company's accounts receivable system was infiltrated by a hacker.
A flaw in the processing logic of a computer program resulted in cash received from customers being added to their accounts receivable balances rather than subtracted...
Customer checks received in the mail room are batched and sent to the cashier several times a day so that they can be deposited as fast as possible.
In keying remittance advices into his computer terminal, an accounts receivable clerk entered a receipt of $200 as $2,000.
Responses:
Ensure update accuracy.
Ensure efficient employment of resources.
Ensure input validity.
Ensure input completeness.
Ensure input accuracy.
Ensure effectiveness of operations.
Ensure security of resources.
Ensure update completeness.
Correct Answer:
Premises:
Responses:
A batch of documents sent by the mail room to the accounts receivable department were lost in the intercompany mail and never recorded...
The cost of the people and computers needed to process incoming checks is less than the benefit obtained from the incoming funds...
In a manual bookkeeping system, cash receipts recorded correctly in the cash receipts journal but some were inadvertently posted to the wrong customer accounts.
In a manual bookkeeping system, an accounts receivable clerk failed to post an entire page of transactions from the cash receipts journal to the accounts receivable subsidiary ledger.
A mail room clerk fabricated a phony document for a friend to make it look like the friend had paid his account receivable balance. The phony document got recorded.
An accounts receivable clerk made a copy of the company's accounts receivable master data and sold this customer information to a competing company.
The company's accounts receivable system was infiltrated by a hacker.
A flaw in the processing logic of a computer program resulted in cash received from customers being added to their accounts receivable balances rather than subtracted...
Customer checks received in the mail room are batched and sent to the cashier several times a day so that they can be deposited as fast as possible.
In keying remittance advices into his computer terminal, an accounts receivable clerk entered a receipt of $200 as $2,000.
Premises:
A batch of documents sent by the mail room to the accounts receivable department were lost in the intercompany mail and never recorded...
The cost of the people and computers needed to process incoming checks is less than the benefit obtained from the incoming funds...
In a manual bookkeeping system, cash receipts recorded correctly in the cash receipts journal but some were inadvertently posted to the wrong customer accounts.
In a manual bookkeeping system, an accounts receivable clerk failed to post an entire page of transactions from the cash receipts journal to the accounts receivable subsidiary ledger.
A mail room clerk fabricated a phony document for a friend to make it look like the friend had paid his account receivable balance. The phony document got recorded.
An accounts receivable clerk made a copy of the company's accounts receivable master data and sold this customer information to a competing company.
The company's accounts receivable system was infiltrated by a hacker.
A flaw in the processing logic of a computer program resulted in cash received from customers being added to their accounts receivable balances rather than subtracted...
Customer checks received in the mail room are batched and sent to the cashier several times a day so that they can be deposited as fast as possible.
In keying remittance advices into his computer terminal, an accounts receivable clerk entered a receipt of $200 as $2,000.
Responses:
Related Questions
Q151: Information-processing policies and procedures that assist in
Q152: _ are automated business process controls contained
Q153: A missing data field on a source
Q154: The CFO of Exeter Corporation is very
Q155: A(n) _ control plan is designed to
Q156: Control plans that relate to a multitude
Q157: A(n) _ is program code that can
Q158: The control goal of ensure _ requires
Q159: Listed below are 8 descriptions of sections
Q160: place the capital letter of the source
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents