all please 14 A companys cash custody function should be sep

all please

14 A company\'s cash custody function should be separated from the related cash recordkeeping funetion in order to A Physically safeguard the cash B Establish accountability for the cash C Prevent the payment of cash disbursements from cash receipts misappropriatio of cash 15. The careful I and responsible oversight and use of the assets entrusted to management is A. Controf environment C. Preventive control O. Security 16. Internal controls that apply overall to the IT system are called A Overal Controls Technology Controls C. Application Controls D. General Controls 17 In entering client contact information in the computerized database of a telemarketing This era This error rendered the block of contacts useless to the company Which of the business, a clerk erroneousl y entered nonexistent area codes for a block of new clients. would most likely have led to discovery of this error into the company\'s computerized s ystem? A. Limit check B. Validity check C. Sequence check D. Record count 18. Which of the following is not a control intended to authenticate users? A. User log-in B. Security token C. Encryption D. Biometric devices

Solution

Solution 14:

A company\'s cash custody function should be separated from the related cash recordkeeping function in order to \"minimize opportunities for misappropriations of cash\"

Hence option D is correct.

Solution 15:

The careful and responsible oversight and use of the assets entrusted to Management is called \"Stewardship\"

Hence option B is correct.

Solution 16:

Internal controls that apply overall to the IT system are called \"general control\"

Hence option D is correct.

Solution 17:

Validity Check would most likely have led to discovery of this error at the time of entry into the company\'s computerized system.

Hence option B is correct.

Solution 18:

Encryption is not a control intended to authenticate users.

Hence option C is correct.