Rutgers University ACCOUNTING 485 Chapter 4: 1)The likelihood of potential loss to the business enterprise is known as a/an:     This is the most important component of internal control and forms the foundation for the other components:   All of the following are components of the internal control system except:   The process of identifying risks that can prevent the fulfillment of identified objectives is:     A control that limits the distribution of printed reports to authorized personnel is an example of:   The policies and procedures implemented to identify, analyze, and manage the identified risks is/are:   A control matrix is:   Business process risks include all of the following except?   What type of control is designed to discover problems that have already occurred?   Which of the following is not an example of processing controls?   Who is primarily responsible for the overseeing of an organization's financial reporting and internal control processes?   Auditors of publicly traded companies are regulated by:   The business enterprise risk that is the hardest to control is:   Which of the following is not a requirement of the Sarbanes-Oxley Act?   The process of continuing or periodic assessment of the quality of existing controls over time is/are:   Which of the following is not a specific risk posed by information technology to an entity's internal control?   Which of the following is not a type of application control?   Control activities carried out by humans are:   Incompatible duties should be divided among different people; this creates:   The Committee of Sponsoring Organizations (COSO) consists of:   For adequate segregation of duties it is generally agreed that it is desirable to segregate responsibilities for the following areas except:     Preventive controls are designed to avoid problems occurring

Rutgers University

ACCOUNTING 485

Chapter 4:

1)The likelihood of potential loss to the business enterprise is known as a/an:

2. This is the most important component of internal control and forms the foundation for the other components:

3. All of the following are components of the internal control system except:

4. The process of identifying risks that can prevent the fulfillment of identified objectives is:

5.   A control that limits the distribution of printed reports to authorized personnel is an example of:

6. The policies and procedures implemented to identify, analyze, and manage the identified risks is/are:

7. A control matrix is:

8. Business process risks include all of the following except?

9. What type of control is designed to discover problems that have already occurred?

10. Which of the following is not an example of processing controls?

11. Who is primarily responsible for the overseeing of an organization's financial reporting and internal control processes?

12. Auditors of publicly traded companies are regulated by:

13. The business enterprise risk that is the hardest to control is:

14. Which of the following is not a requirement of the Sarbanes-Oxley Act?

15. The process of continuing or periodic assessment of the quality of existing controls over time is/are:

16. Which of the following is not a specific risk posed by information technology to an entity's internal control?

17. Which of the following is not a type of application control?

18. Control activities carried out by humans are:

19. Incompatible duties should be divided among different people; this creates:

20. The Committee of Sponsoring Organizations (COSO) consists of:

21. For adequate segregation of duties it is generally agreed that it is desirable to segregate responsibilities for the following areas except:

22. Preventive controls are designed to avoid problems occurring. Which of the following is not an example of a preventive control?

23. All of the following are components of the internal control system except:

24. A sensor in a control system does which of the following:

25. Which of the following is an example of an economy risk?

26. A test that determines whether or not data exceeds a predetermined minimum or maximum range: