1 for specific request mail
Accounting Information Systems Chapter 7
Questions and Correct Answers | Latest Update
Threat or Event
Ans: Any potential adverse occurrence or unwanted event that could
injure the AIS or the organization.
Exposure or Impact
Ans: The potential dollar loss should a particular threat become a
reality.
Assignment Expert
Likelihood
Guru01 - Stuvia
Ans: The probability that a threat will come to pass.
Internal Controls
2026
Ans: The processes and procedures implemented to provide reasonable
assurance that control objectives are met.
©
Preventive Controls
Ans: Controls that deter problems before they arise.
Detective Controls
Ans: Controls designed to discover control problems that were not
prevented.
Corrective Controls
Ans: Controls that identify and correct problems as well as correct and
recover from the resulting errors.
General Controls
, 2 for specific request mail
Ans: Controls designed to make sure an organization's information
system and control environment is stable and well managed.
Application Controls
Ans: Controls that prevent, detect, and correct transaction errors and
fraud in application programs.
Belief System
Ans: System that describes how a company creates value, helps
employees understand management's vision, communicates company
Assignment Expert
core values, and inspires employees to live by those values.
Boundary System
Guru01 - Stuvia
Ans: System that helps employees act ethically by setting boundaries on
employee behavior.
Diagnostic Control System
2026
Ans: System that measures, monitors, and compares actual company
©
progress to budgets and performance goals.
Interactive Control System
Ans: System that helps mangers to focus subordinates' attention on key
strategic issues and to be more involved in their decisions.
Foreign Corrupt Practices Act (FCPA)
Ans: Legislation passed to prevent companies from bribing foreign
officials to obtain business; also requires all publicly owned corporations
maintain a system of internal according controls.
Sarbanes-Oxley Act (SOX)
Ans: Legislation intended to prevent financial statement fraud, make
financial reports more transparent, provide protection to investors,
Accounting Information Systems Chapter 7
Questions and Correct Answers | Latest Update
Threat or Event
Ans: Any potential adverse occurrence or unwanted event that could
injure the AIS or the organization.
Exposure or Impact
Ans: The potential dollar loss should a particular threat become a
reality.
Assignment Expert
Likelihood
Guru01 - Stuvia
Ans: The probability that a threat will come to pass.
Internal Controls
2026
Ans: The processes and procedures implemented to provide reasonable
assurance that control objectives are met.
©
Preventive Controls
Ans: Controls that deter problems before they arise.
Detective Controls
Ans: Controls designed to discover control problems that were not
prevented.
Corrective Controls
Ans: Controls that identify and correct problems as well as correct and
recover from the resulting errors.
General Controls
, 2 for specific request mail
Ans: Controls designed to make sure an organization's information
system and control environment is stable and well managed.
Application Controls
Ans: Controls that prevent, detect, and correct transaction errors and
fraud in application programs.
Belief System
Ans: System that describes how a company creates value, helps
employees understand management's vision, communicates company
Assignment Expert
core values, and inspires employees to live by those values.
Boundary System
Guru01 - Stuvia
Ans: System that helps employees act ethically by setting boundaries on
employee behavior.
Diagnostic Control System
2026
Ans: System that measures, monitors, and compares actual company
©
progress to budgets and performance goals.
Interactive Control System
Ans: System that helps mangers to focus subordinates' attention on key
strategic issues and to be more involved in their decisions.
Foreign Corrupt Practices Act (FCPA)
Ans: Legislation passed to prevent companies from bribing foreign
officials to obtain business; also requires all publicly owned corporations
maintain a system of internal according controls.
Sarbanes-Oxley Act (SOX)
Ans: Legislation intended to prevent financial statement fraud, make
financial reports more transparent, provide protection to investors,
