Accountants must try to protect the AIS from threats. Which of the following would be a measure that should be taken?
A) Take a proactive approach to eliminate threats.
B) Detect threats that do occur.
C) Correct and recover from threats that do occur.
D) All of the above are proper measures for the accountant to take.
Answer: D) All of the above are proper measures for the accountant to take.
You might also like to view...
The following is the adjusted trial balance for Becker Photography
Accounts Debit Credit Cash $88,600 Accounts Receivable 29,000 Prepaid Insurance 3,500 Office Supplies 3,200 Building 130,000 Accumulated Depreciation-Building $17,500 Equipment 77,000 Accumulated Depreciation-Equipment 9,000 Land 47,000 Accounts Payable 25,000 Salaries Payable 5,000 Unearned Revenue 27,000 Mortgage Payable 103,000 Common Stock 16,000 Retained Earnings 11,500 Dividends 25,000 Service Revenue 301,000 Salaries Expense 62,000 Depreciation Expense-Building and Equipment 6,200 Supplies Expense 11,000 Insurance Expense 14,500 Utilities Expense 18,000 Total $515,000 $515,000 After the closing entries, what will the final balance in Retained Earnings be? A) $25,000 B) $216,800 C) $27,500 D) $175,800
Investors should recognize that betas are calculated using historical data and that past performance relative to the market average may not accurately predict future performance
Indicate whether the statement is true or false