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"Analysis paralysis" means "analyzing a system to death" at the expense of reaching a
conclusion.
Answer:
An important advantage of cloud accounting include the availability of backup services,
multi-user access, but not upgrades to newer versions of the software.
Answer:
The correct order of elements, from smallest to largest, in the data hierarchy is database,
data field, record, file (table).
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What does "html" stand for and what is it used for?
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It is more difficult to safeguard logical computer access than it is to safeguard physical
computer access.
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Managerial reports are the primary output of the financial accounting system.
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According to a recent CSI survey, the most common problem encountered by the
respondents is viruses.
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Most computer vandalism is performed by "professional" computer criminals who have
no personal contact with the computer centers they disrupt.
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Today's ERP systems are so good, and so straightforward, that most companies do not
need the help of an expert when shopping for one.
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Deposit slips and remittance advices are examples of source documents associated with
the financing process.
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Are ERP systems too big to fail? Why or why not?
Answer:
Describe continuous auditing and discuss examples of different continuous auditing
techniques.
Answer:
An audit trail problem associated with computerized data processing is that certain
financial data processed by the computer may never be seen by the company's
management.
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If control procedures over a company's computerized financial accounting system are
particularly strong, auditors will not need to perform any substantive testing.
Answer:
The three major types of organizational goals discussed in the chapter are (1) general
systems goals, (2) computer goals, and (3) salary goals.
Answer:
Document flowcharts are mainly an educational aid and are seldom used in the business
world.
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