ACG 4401 PINSKER FAU EXAM 1 2025
QUESTIONS AND ANSWERS
Which of the following statements about the control environment is false? -
ANS Management's attitude toward internal control and ethical behavior have little impact
on employee beliefs or actions.
The Balance Scorecard approach is advocated (by the book in the notes) as a control for which
General Ledger and Reporting Activity? - ANS Produce management reports
What was the biggest pressure on finance functions according to the "How Automation is
Driving Indian Finance Teams..." JOA article? (Also a major point I make in my lectures) -
ANS Increasing the need to demonstrate the value to business
The documentation skills that accountants require vary with their job function. However, they
should at least be able to do which of the following? - ANS Read documentation to
determine how the system works.
While all functions of internal controls are important for "defense-in-depth," which function did
I say was the most important for companies to invest the majority of their resource in? -
ANS Preventative controls
Which is the main purpose for XBRL? - ANS To make machine to machine communication
1
more efficient.
Page
@COPYRIGHT SIRJOEL 2025/2026
QUESTIONS AND ANSWERS
Which of the following statements about the control environment is false? -
ANS Management's attitude toward internal control and ethical behavior have little impact
on employee beliefs or actions.
The Balance Scorecard approach is advocated (by the book in the notes) as a control for which
General Ledger and Reporting Activity? - ANS Produce management reports
What was the biggest pressure on finance functions according to the "How Automation is
Driving Indian Finance Teams..." JOA article? (Also a major point I make in my lectures) -
ANS Increasing the need to demonstrate the value to business
The documentation skills that accountants require vary with their job function. However, they
should at least be able to do which of the following? - ANS Read documentation to
determine how the system works.
While all functions of internal controls are important for "defense-in-depth," which function did
I say was the most important for companies to invest the majority of their resource in? -
ANS Preventative controls
Which is the main purpose for XBRL? - ANS To make machine to machine communication
1
more efficient.
Page
@COPYRIGHT SIRJOEL 2025/2026
