Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2021

1 Which of the following statements best describe data flow diagrams (DFD)? Select one: a. DFD processes data. b. DFD can easily capture control. c.

1 Which of the following statements best describe data flow diagrams (DFD)? Select one:

a. DFD processes data.

b. DFD can easily capture control.

c. DFD is an information system.

d. DFD is visually simple

. e. DFD documents business context.

f. DFD shows standard notation.

question 2:

One of the standard operating procedures in the receiving bay is to reconcile packing slips to purchase orders before acknowledging the receipt of inventory. Which of the following control loopholes could be prevented by the above procedure?

Step by Step Solution

★★★★★

3.40 Rating (159 Votes )

There are 3 Steps involved in it

Step: 1

question 1 a DFD processes data A dataflow diagram is a way of representing a flow o... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance Services

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

6th edition

978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343

More Books

Students explore these related Accounting questions

Question

Which of the following statements best describes auditors responsibility for detecting a clients noncompliance with a law or regulation? a. The responsibility for detecting noncompliance exactly...

Answered: 3 weeks ago

Question

Which of the following statements best describes considerations regarding a company's tax expense that may be made by users of GAAP financial statements? a. An analysis of earnings before interest,...

Answered: 3 weeks ago

Question

Which one of the following statements best explains why companies want to distinguish between direct and indirect costs? a. To evaluate business segments on the basis of only those costs directly...

Answered: 3 weeks ago

Question

Fill in the blanks with the proper method names to deserialize an object. (Choose two.) A. writeObject in the first blank B. writeResolve in the first blank C. readObject in the first blank D....

Answered: 3 weeks ago

Question

Does a shareholder, whether preferred or common, have a right to a dividend? Explain.

Answered: 3 weeks ago

Question

True or False: A mutually exclusive relationship is automatically created among all JRadioButton components in the same container.

Answered: 3 weeks ago

Question

Three contestants in a quiz show have to answer, in turn, a series of questions. Let p1, p2, and p3 be the probabilities that the first, second, and third player answer a question correctly. The game...

Answered: 3 weeks ago

Question

Halsey Company sells women's clothing. Halsey's strategy is to offer a wide selection of clothes and excellent customer service and to charge a premium price. Halsey presents the following data for...

Answered: 3 weeks ago

Question

Which of the following statements is true about Medicare tax? Multiple Choice Employee earnings less all pre - tax deductions are subject to Medicare tax. Additional Medicare tax is withheld for...

Answered: 3 weeks ago

Question

Watershed is a media services company that provides online streaming movie and television content. As a result of the competitive market of streaming service providers, Watershed is interested in...

Answered: 3 weeks ago

Question

Question Negotiation of the purchase of toothpaste from buyers side Regardless of what product it is they want you to buy, you will want a discount of at least 20% for a 6 month period and have the...

Answered: 3 weeks ago

Question

19. Two isolated conducting solid spheres of radii 'a' and '2a' are charged, till they both attain a surface charge density and kept far away from each other. What would be the charge density of the...

Answered: 3 weeks ago

Question

A contractor purchases cleaning solvent for $11,640. According to Cost Accounting Standard (CAS) 411, if the material cost for the solvent is not allocated to a specific cost objective or an indirect...

Answered: 3 weeks ago

Question

Exercise 2-7 (Algo) Analyzing account entries and balances LO A1 Use the information in each of the following separate cases to calculate the unknown amount. a. Corentine Company had $170,000 of...

Answered: 3 weeks ago

Question

Coastal Wineries is a private company looking to seek additional financing for expansion. They have hired your accounting firm for a review engagement. A full audit is not required for the lender....

Answered: 3 weeks ago

Question

You recently started your new job as a food service worker for a large high school. This week, the ovens and ranges are scheduled for a deep cleaning, but the supervisor who's been training you is...

Answered: 3 weeks ago

Question

Ayayai s Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. During the month of June, the following merchandising transactions...

Answered: 3 weeks ago

Question

Players A, B, and C toss a fair coin in order. The first to throw a head wins. What are their respective chances of winning?

Answered: 3 weeks ago

Question

Prior to accepting a new audit engagement, a public accounting firm should a. Attempt to contact the predecessor auditors. b. Evaluate the integrity of management. c. Assess the firms resources to...

Answered: 3 weeks ago

Question

Which of the following components is not used in determining the upper limit on misstatements? a. Basic allowance for sampling risk. b. Incremental allowance for sampling risk. c. Projected...

Answered: 3 weeks ago

Question

When a client sues an accountant for failure to perform consulting work properly, the accountants best defense is probably based on the doctrine of a. Lack of privity of contract. b. Contributory...

Answered: 3 weeks ago

Question

If you operate a home-based business, the Canada Revenue Agency (CRA) will usually allow you to report certain office-in-home expenses. The portion of heat, insurance, electricity, property taxes,...

Answered: 3 weeks ago

Question

When real estate is sold, the years property taxes are allocated to the vendor and the purchaser in proportion to the number of days that each party owns the property during the year. If the...

Answered: 3 weeks ago

Question

Kevin, Lyle, and Marnie operate Food Country as a partnership. Their agreement provides that half of the profit in each calendar quarter be distributed in proportion to each partners investment in...

Answered: 3 weeks ago

Previous Question Next Question