OFP U Y WERT 16. The importance to the accounting profession of the Sarbanes Oxley Act is that bribery will be eliminated management will not override the company's internal controls management are required to certify their internal control system d. a. C. firms will not be exposed to lawsuits 17. A physical inventory count is an example of a a. preventive control b. detective control c. corrective control d. feedback control 18. The AIS text defines risk exposures as: a. complicated business or financial deals b. weaknesses in internal controls c. components of the fraud triangle d. failures to eliminate all errors in accounting for financial transactions. 19. Which of the following will not be considered a risk exposure face by a firm a. Destruction of the asset b. Theft of the asset Corruption of information or of the information system Equipment disposed of by the company and taken by employees c. d. 20. In contrast to a real-time system, in a batch processing system a. there is a lag between the time when the economic event occurs and the financial records are updated b. relatively more resources are required c. a greater resource commitment per unit of output is required d. processing takes place when the economic event occurs