Which of the following is NOT a primary control procedure to minimize the occurrence of fraud?
a. Dual custody
b. Systems of authorization
c. Internal audit department
d. Documents and records
c
FEEDBACK: a. Incorrect. Dual custody, or segregation of duties, is a control activity.
b. Incorrect. Systems of authorization are a control activity.
c. Correct.
d. Incorrect. Documents and records are control activities--they produce an audit trail.
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A ________ budget is used for the cost of fixed assets, such as plants and equipment, that are usually treated as investments instead of as regular expenses.
A. cash B. sales C. capital D. master E. production
When a key commodity is purchased by many major business units, use of [a] _____ is beneficial
a. joint global strategy b. purchasing cards c. decentralized purchasing structure d. corporate purchasing council e. lead division buying
Because IS resources can be considered __________, service standards and costs for operation, maintenance, and improvement are important components of the IS strategic plan
Fill in the blank(s) with correct word
The financing of most SUB plans is
a. done exclusively by the employer. b. a joint venture by employer and employee. c. aided by state revenues. d. None of the above.