Exam 7: Control and Accounting Information Systems

At a movie theater box office,all tickets are sequentially prenumbered.At the end of each day,the beginning ticket number is subtracted from the ending number to calculate the number of tickets sold.Then,ticket stubs collected at the theater entrance are counted and compared with the number of tickets sold.Which of the following situations does this control detect?

Why are threats to accounting information systems increasing?

The principle of identifying and assessing changes that could significantly impact the system of internal control belongs to which of the COSO's Internal Control Model's component?

Which of the following is not a principle related to information and communicating in the updated COSO Integrated Control framework?

Which of the following is an independent check on performance?

The purpose of the COSO Enterprise Risk Management framework is

Melissa is a staff accountant for Quality Paper Company,which has strict corporate policies on appropriate use of corporate resources.The first week of March,Melissa saw Kent,the branch manager putting printer paper and toner into his briefcase on his way out the door.This situation best reflects a weakness in which aspect of internal environment,as discussed in the COSO Enterprise Risk Management Framework?

Which of the following is a commonly used technique to identify potential events?

A(n)________ helps top-level managers with high-level activities that demand frequent and regular attention.

Independent checks on performance include all the following except

According to the COSO Enterprise Risk Management Framework,the risk assessment process incorporates all of the following components except

Identify the most correct statement with regards to an event.

A ________ shows how a project will be completed,including tasks and who will perform them as well as a timeline and cost estimates.

The COSO Enterprise Risk Management Integrated Framework stresses that

A control procedure designed so that the employee that records cash received from customers does not also have access to the cash itself is an example of a(n)

A ________ is created to guide and oversee systems development and acquisition.

Which type of control prevents,detects,and corrects transaction errors and fraud?

COSO requires that any internal deficiencies identified through monitoring be reported to whom?

Which of the following is not a factor of internal environment according to the COSO Enterprise Risk Management Framework?

The second step of the risk assessment process is generally to