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Presented Below Is a List of Terms Relating to Accounting

Question 137

Matching

Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms.
Match the appropriate term with each definition. Each answer will be used only once.

Premises:
FCPA
Audit committee
Collusion
Application controls matrix
Internal auditing
Control environment
Cancellation
Statutory sanction
Format check
Endorsement
Responses:
Has responsibility for reviewing the reports of the company's external auditors
The identification of documents to prevent their repeated use
A type of exposure
A law which requires publicly held companies to maintain adequate accounting systems
One of the main components of internal control
Agreement or conspiracy among two or more people to commit fraud
An example of this procedure is: all characters in the vendor number field are numeric
A technique for internal control analysis
Marking a form or document to restrict its further processing
An example of the monitoring component

Correct Answer:

FCPA
Audit committee
Collusion
Application controls matrix
Internal auditing
Control environment
Cancellation
Statutory sanction
Format check
Endorsement
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