Question

1. Systems that use sequential master files employ a backup technique called destructive update.

True

False

2. An input control that tests time card records to verify that no employee has worked more 50 hours in a pay period is an example of a range test.

True

False

3. Database management fraud includes altering, updating, and deleting an organization's data.

True

False

4. The importance to the accounting profession of the Sarbanes-Oxley Act is that

a. bribery will be eliminated

b. management will not override the company's internal controls

c. management is required to certify the internal control system

d. firms will not be exposed to lawsuits.

5. The fraud triangle represents a geographic area in Southeast Asia where international fraud is prevalent.

True

False

6. Input controls are intended to detect errors in transaction data after processing.

True

False

Answer 1

1)  False
2)  False
3)  False
4)  management is required to certify the internal control system
5)  False
6)  False