First Federal S & L has an online real-time system , with terminals installed in all of its branches . This system will not accept a customer ' s cash withdrawal instructions in excess of $ 1,000 without the use of a " terminal audit key ." After the transaction is authorized by a supervisor , the bank teller then processes the transaction with the audit key . This control can be strengthened by
Question 5 ( IFTC-0043 )
A brokerage firm has changed a program so as to permit higher transaction volumes . After proper testing of the change , the revised programs were authorized and copied to the production library . This practice is an example of
Question 6 ( IFTC-0023 )
In a daily computer run to update checking account balances and print out basic details on any customer ' s account that was overdrawn , the overdrawn account of the computer programmer was never printed . Which of the following control procedures would have been most effective in detecting this fraud ?
Question 7 ( IFTC-0088 )
In which of the following locations should a copy of the accounting system data backup of year-end information be stored ?
Question 8 ( IFTC-0018 ) A computer input control is designed to ensure that Question 9 ( IFTC-0002 )
Which of the following would lessen internal control in a computer processing system ?
Question 10 ( IFTC-0103 )