question archive A company's accounting systems are all computerised and located on a local area network
A company's accounting systems are all computerised and located on a local area network
Subject:FinancePrice: Bought3
A company's accounting systems are all computerised and located on a local area network. The following control procedure is in place at the company Once the credit controller has investigated a potential client's creditworthiness, he/she signs the relevant credit application before taking it to the financial accountant for final authorisation Select the correct alternative that indicates whether the procedure is an application or general control, and also indicate the category of general or application control the procedure relates to A. General control - system development OB. Application control - control activity OC. General control - control environment OD. Application control - control environment Reset Selection Question 24 of 30 2 Points A company requires assistance with the program checks that will ensure compliance with the requirement below to ensure the accuracy and completeness of the online input of sales invoice data. The requirement is The VAT number of the company's client should be shown on all the company's invoices. Which ONE of the following alternatives is the program check that will ensure compliance with this requirement? A. mandatory fields OB. limit check OC. sequence check OD. check digit Question 25 of 30 2 Points Which ONE of the following alternatives will not lead to the financial director being held liable for contravention of the standards of director's conduct in terms of the Companies Act 71 of 2008? A. failing to disclose to the board a personal financial interest OB. failing to inform the board of all the environmental law changes OC. failing to act in good faith and for a proper purpose OD. failing to act in the best interest of the company Reset Selection Question 28 of 30 2 Points Select the alternative that best completes the following sentence All masterfile amendments in a computerised environment should be automatically logged by the computer on sequenced logs and should later be sequence-checked against the log to satisfy the assertion OA. completeness OB. authorisation OC. occurrence D. accuracy Reset Selection
