Determine well-documented business process

Assignment Help Accounting Basics

Reference no: EM131769025

Question: Need Assistance to Provide correct solution to each multiple choice questions:

1. Which of the following is the least accurate statement regarding a well-documented business process

a. Contains key objectives for the process.

b. Identifies key risks and controls.

c. Prepared by control owners.

d. Defines areas of responsibilities.

2. Which of the following control(s) is considered to be part of a company's IT "application" controls?

I. Program edit checks

II. Run-to-run totals

III. End user controls

IV. Field checks

a. Only I, II, and III are correct

b. Only I, II, and IV are correct

c. Only II and III are correct

d. I, II, III and IV are all correct.

3. Which of the following is not considered a point of focus in COSO's control environment?

a. Organizational structure

b. Management's operating style

c. Commitment to competencyagement

d. Risk assessment

4. Which of the following components of IT contingency planning is most important?

a. Verification of systems routines

b. Security over the contingency site

c. Documentation of the plan

d. Integration of the business plans with the system plans.

Reference no: EM131769025

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