Fall 2017 Page 7 of 13 Problem a2: AlS and Security Issues (40 points) Here are 20 page that are questions relating to the segment of the flowchart from the expenditure cycle on the previous presented in a multiple-choice format. Each question is worth two points For each question, select the best answer choice. o Indicate your selection by writing the corresponding letter in the space provided at the bottom left of the question. o 1. Which of the following is an advantage of a computer-based system for transaction processing over a manual system? A computer-based system: a. Will produce a more accurate set of financial statements. b. Eliminates the need to reconcile control accounts and subsidiary ledgers. C. Will be more efficient at producing financial statements. d. Does not require as stringent a set of internal controls. Your Answer: What is the role of the systems analyst in an IT environment? a. Developing long-range plans and directing application development and computer b. Maintaining control over the completeness, accuracy, and distribution of input and c. Selecting, implementing, and maintaining system software, including operating 2. operations output. systems, network software, and the data base management system. intermediary between users and programmers. d. Designing systems, preparing specifications for programmers, and serving as Your Answer: - Which of the following control activities should be taken to reduce the risk of incorrect processing in a newly installed computerized accounting system? a. Ensure proper authorization of transactions. b. Segregation of duties. c. System testing through independent verification of the transaction processing results. D Adequately safeguard assets. Your