Which of the following is a detective control? Bar-code and RFID technology to address the threat of picking the wrong items or the wrong quantity Periodic physical counts of inventory and reconciliation to recorded quantities to address the threat of theft of inver A password system requiring non-alphanumeric characters to address the threat of unauthorized access to compa None of the above - they are all preventive controls Section 404 of the Sarbanes-Oxley Act of 2002 requires an annual audit of internal control for companies of a certain Total Assets O Total Equity O Total Investments divided by total Liabilities Total Market Capitalization Which of the following is a preventive control? Documentation of all inventory transfers to address the threat of theft of inventory Use RFID systems to identify delays to address the threat of shipping errors Configuration of AIS to automatically enter pricing data to address the threat of billing errors All of the above are preventive controls. Which of the following is completely FALSE about the Foreign Corrupt Practices Act of 1977? It requires the CEO and CFO of all U.S. publicly traded companies to certify the financial statements and disc It caused focus on the need for properly designing and documenting accounting systems and related controls It requires U.S. corporations to maintain good systems of internal control with regard to foreign agents It was passed to help prevent the bribery of foreign officials in order to obtain business Which of the following is FALSE regarding internal control? Human error and mistakes is a category of inherent risk in any system of internal control Effective separation of duties is always economically feasible within any organization Collusion is an inherent risk in any system of internal control O Management override of internal control is an inherent risk in any system of internal control Which of the following revenue cycle threats is properly matched with the basic revenue cycle activity in which the thre Excess inventory - Cash collections Shipping defective goods to customers - Sales order entry Clerical errors in customer invoices - Billing O Theft of customer payments - Shipping