Question 22

Sally works in the accounts payable area of Timeless and is responsible for payments to suppliers.She is concerned about the company paying phony invoices and wishes to improve their internal controls.Of the processes currently undertaken by Timeless below, which would be theleasteffective control to mitigate the risk of paying a phony invoice payable for inventory purchases that were never made?

a.

Only pay from original invoices.

b.

Cancel all invoices and supporting documentation when paid.

c.

Establish strict access and authorization controls for the approved vendor master file.

d.

Require three-way match for all inventory purchase invoices.

Question 23

James works in the warehouse for Pulse Manufacturing.Which of the following threats isnotspecific to the purchase requisition process of the expenditure cycle?

a.

stockouts

b.

purchasing from unauthorized vendors

c.

requisitioning goods not needed

d.

All of the above are threats in the purchase requisition process.

Question 26

Inconsistent data in a relational database is most likely a result of the:

a.

Delete anomaly

b.

Update anomaly

c.

Insert anomaly

d.

None of the above

Question 29

Shellrock Signs (Shellrock) used the systems development life cycle (SDLC) to implement a new system.Aggressive and dysfunctional employee behavior in response to implementation of a new computerized information system is likely to be the result of

a.

inadequate compensation policies.

b.

weak system controls.

c.

lack of communication and training.

d.

poor human resource policies.