Which of the following IT controls would a company appropriately use to mitigate the risk of unauthorized access to its payroll data? a. Validity checks b. Biometric devices c. A neural network d. Employee purchase cards

Which of the following IT controls would a company appropriately use to mitigate the risk of unauthorized access to its payroll data? a. Validity checks b. Biometric devices c. A neural network d. Employee purchase cards

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 6MC: Which of the following is false about accounting information systems? A. They provide reports that...

See similar textbooks

Related questions

Q: Question 5 On May 31, 2023, Rooney Company paid $2,100,000 to purchase Frances Corporation, which…

A: Impairment loss involves reducing the recorded value of an asset when its recoverable value is less…

Q: January 15: Cash sale, $360. The cost of the merchandise was $216. Begin by recording the sale…

A: Journal Entry is the first step to record accounts. It is written in the same order in which the…

Q: e following questions to answer Q5 to 07. Hamstrung Electronics Inc. (HEI) has 6 billion shares…

A: Earnings Per Share -The financial ratio known as earnings per share, or EPS, is calculated by…

Q: For each control classify it either as a preventive control or a detective control. Also classify…

A: Internal control refers to an organization's policies, processes, and practices that assure the…

Q: Mr. Gilbert is self-employed and makes annual contributions to a Keogh plan. Mrs. Gilbert's employer…

A: To compute the Adjusted Gross Income (AGI) after deducting contributions to traditional IRAs for the…

Q: Rayburn Corporation acquired 100 percent of the common stock of a British company on January 1,…

A: The total of net income and OCI is the comprehensive income statement. Because realized and…

Q: Each year, White Mountain Enterprises (WME) prepares a reconciliation schedule that compares its…

A: Prepaid Expense represents money a company pays in advance for products or services it hasn't…

Q: Ali, Ben and Cathy have been in partnership for many years sharing profits and losses based on the…

A: Realisation account is prepared at the time of dissolution of the partnership firm. This account is…

Q: On January 1, 2023 (the first day of its fiscal year) Swifty Ltd. acquired a patent which gave the…

A: According to the accounting principle known as the cost recovery method of revenue recognition, a…

Q: -Current Ratio 2-Quick Ratio 3-Cash Ratio 4-Receivables Turnover 5-Inventory Turnover…

A: “Since you have posted multiple questions with multiple sub parts, we will provide the solution only…

Q: John Inc and Victor Inc. formed a joint venture on January 1, 2020. John invested plant and…

A: IntroductionA business's balance sheet lists plant and equipment as a non-current, actual financial…

Q: Required a. Calculate the amount of interest capitalized for 2023 and 2024. b. Calculate the…

A: a. Interest Capitalized for 2023 and 2024The interest capitalized is the interest on the loan taken…

Q: Determine the amount of the child tax credit in each of the following cases: a. A single parent with…

A: Base Credit:The base child tax credit for the 2023 tax year (filed in 2024) is $2,000 per qualifying…

Q: If Y division wants to have an ROI of 20%, what is the maximum transfer price it will accept from…

A: Transfer price refers to the internal cost assigned to goods or services transferred between…

Q: The following information pertains to Trenton Glass Works for the year just ended. Budgeted…

A: Predetermined Overhead Rate :— It is the rate used to allocate manufacturing overhead cost to cost…

Q: can you provide me more clear info

A: There are five special journals namely, cash receipt journal, cash disbursement journal, sales…

Q: Tucker Manufacturing is considering investing in specialized equipment costing $841,000. The…

A: Net cash inflow and average net income are two different financial metrics used in capital budgeting…

Q: The following events occurred over the course of a year at Coronado Corp., which uses a job order…

A: The materials that are used by the manufacturing unit to manufacture the product are referred to as…

Q: The use tax is designed to complement the sales tax. A use tax typically covers purchases made out…

A: ThecUse tax is an essential component of the tax system as it helps in maintaining a level playing…

Q: Analyze the following transactions using the T account approach. Place the dollar amounts on the…

A: The objective of this question is to analyze the given transactions using the T account approach.…

Q: Zitrik Corporation manufactured 130,000 buckets during February. The variable overhead…

A: Variable overhead refers to the circular manufacturing costs that vary in proportion to the level of…

Q: Julie total tax liability for 2022 is what

A: Julia’s total tax liability for 2022 is $73,938. This calculation takes into account her decision…

Q: ($000) Cash Accounts Receivable Inventory Accounts Payable 1 $100 200 200 100 2 $100 100 500 100…

A: Net Working Capital (NWC) is a measure of a company's operational liquidity and short-term financial…

Q: do i add the opening balance after the difference of opening balance of bank statement and cash book…

A: There can be differences in the balances of the same account maintained by different persons like…

Q: On October 10, 202X, Jackson Co. issued debit memorandum no. 1 for $380 to Ada Co. for merchandise…

A: Journal entry:Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Woodside Corporation has 80,000 shares of $1 par value common stock and 20,000 shares of cumulative…

A: The dividend is declared to the shareholders from the retained earnings of the business. The…

Q: Quill Corp. vs. North Dakota. and South Dakota vs. Wayfair, do you agree with these cases and why

A: Quill Corp. vs. North Dakota (1992): The U.S. Supreme Court ruled that a state could not collect…

Q: Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of…

A: Cash flows from operating activities is an important section of cash flow statement which shows all…

Q: The following income statement and balance sheets for The Athletic Attic are provided. THE ATHLETIC…

A: The ratio analysis helps to analyse the financial statements on the basis of the different elements…

Q: Access the FASB Accounting Standards Codification at the FASB website and select Basic View for free…

A: Financial Accounting Standards Board (FASB): FASB is the organization which creates, develops, and…

Q: Which of the following statements would most likely appear in an auditor's engagement letter? O a.…

A: An auditor's engagement letter is a formal agreement defining the auditor's and client's terms,…

Q: Problem 14-02 algo Assume that the following data describe the current condition of the commercial…

A: The collection of financial assets that an individual or organization possesses is known as a…

Q: Company manufactures cordless telephones. During 2022, total costs associated with manufactu l…

A: Absorption Costing -The term "absorption costing" describes a costing technique that takes into…

Q: Julia provided the inventory information and P & L for preparing her return. She uses the cost…

A: A tax return is a formal document filed with a tax authority, typically the government, that reports…

Q: Lawyer recently received a five capital and profits interest in ABC Partnership in exchange for…

A: Lawyer obtained a partnership interest in exchange for services, thus the amount and kind of gain is…

Q: 481. CHAPTER 5â€”CORPORATIONS: EARNINGS PROFITS AND DIVIDEND DISTRIB88 Thistle Corporation declares…

A: Since you have posted multiple questions, we will be able to provide the solution only to the first…

Q: WP Corporation produces products X, Y, and Z from a single raw material input in a joint production…

A: The decision of further processing of joint products is based in incremental analysis. If the…

Q: 1. Develop a product structure tree for the Mirage tent. 2. Complete a MRP record for P2.

Q: Danzi, Incorporated, has budgeted sales for the month of July and estimated cost behavior patterns…

A: Operating Expense Budget: It refers to a detailed or comprehensive statement that shows or presents…

Q: 30/6/2020 a full physical inventory was carried out showing the following: Raw materials Items A and…

A: Inventory -Merchandise, or inventory, is the term used to describe the products and materials that…

Q: Audited financial statements are prepared by: O Management O Company Salesmen O Directors Auditors

A: An auditor is a specialist who examines and assesses financial statements and information for an…

Q: 5. Asset turnover ratio 6. Profit margin on sales 7. Return on assets

A: The ratio analysis helps to analyse the financial statements of the business.The return on assets is…

Q: 3-8A LO 3 See Example 3-5 on page 3-13 Ralph Henwood was paid a salary of $64,600 during 20- by…

A: Taxes are essentially the financial contributions that individuals and businesses make to the…

Q: a. What is Donna's charitable contribution deduction? b. Assume instead that the stock had a fair…

A: a. When an appreciated security, like stock, is donated to a charitable organization and it has been…

Q: Explain how you would treat and record each of the following cost information when preparing the…

A: A contract account isolates financials for a particular construction project. It logs…

Q: Which asset would a prudent financial manager recommend for a client who is financially conservative…

A: To determine which asset would be recommended for a financially conservative client seeking steady,…

Q: The assets and liabilities of Thompson Computer Services at March 31, the end of the current year,…

A: Stockholder Equity analyzes the financial statements of the company that can equate to the company's…

Q: GO ti in ng prof More info b. C. d. Definition e. f. An inventory system that requires businesses to…

A: Definition:Perpetual Inventory System: Perpetual The Inventory System refers to the inventory system…

Q: What is the main purpose of information presented in notes to the financial statements? • To provide…

A: Eliminating the incorrect options:B. To correct improper presentation in the financial…

Q: RelyaTech Corporation makes an extra large part to use in one its fabulous products. A total of…

A: Direct costs are the expenses that are directly used for the production of goods and services for…

Question

Which of the following IT controls would a company appropriately use to mitigate the risk of
unauthorized access to its payroll data? a. Validity checks b. Biometric devices c. A neural network
d. Employee purchase cards

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction of Risk of Unauthorized Access:

VIEW

Step 2: Explanation:

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Which of the following is false about accounting information systems? A. They provide reports that people analyze. B. They prevent errors and stop employees from stealing inventory. C. They are designed to gather data about the companys transactions. D. They consist of processes that involve input of data from source documents, processing, output, and storage.
What is the purpose of the following control procedures (i.e., what threats is it designed to mitigate)? h. Encryption of payroll data both when it is electronically sent to a payroll service bureau and while at rest in the HR/payroll database.
What is the purpose of the following control procedures (i.e., what threats is it designed to mitigate)? e. Cross-footing the payroll register
Which preventive, detective, and/or corrective controls would best mitigate the following threat, and why? (b) A salesperson successfully logged into the payroll system by guessing the payroll supervisor’s password.
Refer to the flowchart.a. What risks are associated with the payroll procedures depicted in the flowchart?b. Discuss two control techniques that will reduce or eliminate the risks.
What is the purpose of the following control procedures (i.e., what threats is it designed to mitigate)? i. Establishing a separate payroll checking account and funding it as an imprest account.
What is the purpose of the following control procedures (i.e., what threats is it designed to mitigate)? a. Compare a listing of current and former employees to the payroll register.
An audit client has engaged a third-party service organization tohost its payroll software package on servers located at the service organization. What optionsdo you have to obtain assurance about the controls embedded in the payroll application?
What are the most common errors and frauds in the personnel and payroll cycle? Which control characteristics are auditors looking for to prevent or detect these errors and frauds?
Control risk is the risk that a material misstatement in an account will not be prevented or detected on a timely basis by the client’s internal controls. The best controlto prevent or detect fictitious payroll transactions is to(1) use and account for prenumbered payroll checks.(2) obtain authorization from human resources for hiring, pay rate, job status andtermination.(3) verify internally authorized pay rates, computations, and agreement with thepayroll register.(4) conduct periodic independent bank reconciliations of the payroll bank account.
An internal control system where obligations by the company should be liquidated only by checks. A. Voucher system B. Current account c. Check system d. Outstanding check
what are the examples of independent verification controls in a payroll accounting system