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Question
Which situation indicates an internal control risk in the General Ledger/Financial Reporting Systems (GL/FRS)?a. the employee who maintains the cash journal computes depreciation expense
b. the cash receipts journal voucher is approved by the Treasurer
c. the cash receipts journal vouchers are prenumbered and stored in a locked safe
d. the employee who maintains the cash receipts journal records transactions in the accounts receivable subsidiary ledger
Answer
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d. need not review access levels granted to users since these are determined when the system is configured and never change.
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Separating the data warehouse from the operations databases occurs for all of the following reasons except
a. to make the management of the databases more economical
b. to increase the efficiency of data mining processes
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d. to permit the integration of data from diverse sources
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