Welcome to ExamTopics
ExamTopics Logo
- Expert Verified, Online, Free.
Mail Us[email protected]
Menu
Eccouncil Discussions
exam questions

Exam 712-50 All Questions

View all questions & answers for the 712-50 exam
Go to Exam

Exam 712-50 topic 1 question 288 discussion

Actual exam question from ECCouncil's 712-50
Question #: 288
Topic #: 1
[All 712-50 Questions]

The general ledger setup function in an enterprise resource package allows for setting accounting periods. Access to this function has been permitted to users in finance, the shipping department, and production scheduling.
What is the most likely reason for such broad access?

  • A. The need to change accounting periods on a regular basis.
  • B. The need to create and modify the chart of accounts and its allocations.
  • C. The requirement to post entries for closed accounting period.
  • D. The lack of policies and procedures for the proper segregation of duties.
Show Suggested Answer Hide Answer
Suggested Answer: D 🗳️
by arifbhatkar at Dec. 21, 2022, 3:35 p.m.

Comments

Chosen Answer:
This is a voting comment (?) , you can switch to a simple comment.
Switch to a voting comment New
Submit Cancel
Valen2259
2 months, 2 weeks ago
D. The lack of policies and procedures for the proper segregation of duties Allowing users from finance, shipping, and production scheduling departments access to the general ledger setup function—which includes setting accounting periods—indicates a potential violation of the principle of segregation of duties (SoD).
upvoted 1 times
...
alfaMegatron
3 months, 1 week ago
Selected Answer: D
D is correct Answer
upvoted 1 times
...
Pika26
1 year, 8 months ago
Answer is D. The segregation of duties principle suggests that critical functions, such as accounting and financial reporting, should be divided among different people to ensure that no single person has complete control over the entire process.
upvoted 3 times
...
arifbhatkar
1 year, 11 months ago
Selected Answer: D
It's logical that there is lack of segregation of duties
upvoted 4 times
...

Get IT Certification

Unlock free, top-quality video courses on ExamTopics with a simple registration. Elevate your learning journey with our expertly curated content. Register now to access a diverse range of educational resources designed for your success. Start learning today with ExamTopics!

Start Learning for free
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel