Exam 10: Expenditures Processes and Controlspayroll and Fixed Assets

An integrated IT system of payroll and human resources may have extra risks above those of a manual system.Passwords and access logs are controls that should be used in these integrated systems to lessen the risk of:

(Multiple Choice)

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Question 81

Most companies can justify the use of specialized asset management software programs instead of the spreadsheets or traditional manual systems for all of the following reasons, except:

(Multiple Choice)

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Question 82

This document is a financial plan detailing all of the company's investments in fixed assets and other investments.

(Multiple Choice)

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Question 83

Payroll outsourcing has become popular due to all of the following reasons EXCEPT:

(Multiple Choice)

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Question 84

The policies and procedures involved in purchasing property, capturing and maintaining relevant data about the assets, paying for and recording the related assets, depreciation and other expenses, and gains or losses are collectively referred to as:

(Multiple Choice)

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Question 85

Which of the following independent checks would be part of the internal controls for fixed assets?

(Multiple Choice)

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Question 86

When high-dollar fixed assets are purchased, there should be a strict approval process which would include three formal steps.Which of the following is not one of those steps?

(Multiple Choice)

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Question 87

Activities involved with the fixed assets continuance phase of the fixed assets processes include all of the following, except:

(Multiple Choice)

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Question 88

The fixed assets owned by a company are considered to be long-term because:

(Multiple Choice)

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Question 89

The internal control process of requiring the payroll register to be reconciled with the time sheets, will help to minimize the risk of:

(Multiple Choice)

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Question 90

There are many uses of electronic funds transfer related to the payroll process.Which of the following is not one of those uses?

(Multiple Choice)

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Question 91

A company's internal controls policies may mandate the distribution of paychecks by an independent paymaster in order to determine that:

(Multiple Choice)

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Question 92

The control environment related to the fixed asset processes can be enhanced through the implementation of various access controls, such as:

(Multiple Choice)

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Question 93

The security of assets and documents would include all of the following, except:

(Multiple Choice)

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Question 94

Internal control activities within the payroll process, identified as independent checks and reconciliations, would include which of the following?

(Multiple Choice)

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Question 95

Showing 81 - 95 of 95

An integrated IT system of payroll and human resources may have extra risks above those of a manual system.Passwords and access logs are controls that should be used in these integrated systems to lessen the risk of:

Most companies can justify the use of specialized asset management software programs instead of the spreadsheets or traditional manual systems for all of the following reasons, except:

This document is a financial plan detailing all of the company's investments in fixed assets and other investments.

Payroll outsourcing has become popular due to all of the following reasons EXCEPT:

The policies and procedures involved in purchasing property, capturing and maintaining relevant data about the assets, paying for and recording the related assets, depreciation and other expenses, and gains or losses are collectively referred to as:

Which of the following independent checks would be part of the internal controls for fixed assets?

When high-dollar fixed assets are purchased, there should be a strict approval process which would include three formal steps.Which of the following is not one of those steps?

Activities involved with the fixed assets continuance phase of the fixed assets processes include all of the following, except:

The fixed assets owned by a company are considered to be long-term because:

The internal control process of requiring the payroll register to be reconciled with the time sheets, will help to minimize the risk of:

There are many uses of electronic funds transfer related to the payroll process.Which of the following is not one of those uses?

A company's internal controls policies may mandate the distribution of paychecks by an independent paymaster in order to determine that:

The control environment related to the fixed asset processes can be enhanced through the implementation of various access controls, such as:

The security of assets and documents would include all of the following, except:

Internal control activities within the payroll process, identified as independent checks and reconciliations, would include which of the following?

Introduction to AIS

Foundational Concepts of the AIS

Fraud, Ethics, and Internal Control

Internal Controls and Risks in IT Systems

IT Governance

Enterprise Resource Planning ERP Systems

Auditing Information Technology-Based Processes

Revenue and Cash Collection Processes and Controls

Expenditures Processes and Controlspurchases

Conversion Processes and Controls

Administrative Processes and Controls

Data and Databases

E-Commerce and E-Business

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