EC-Council
712-50 · Question #206
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…
The correct answer is D. The lack of policies and procedures for the proper segregation of duties. See the full explanation below for the reasoning.
Question
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?
Options
- AThe need to change accounting periods on a regular basis.
- BThe requirement to post entries for a closed accounting period.
- CThe need to create and modify the chart of accounts and its allocations.
- DThe lack of policies and procedures for the proper segregation of duties.
How the community answered
(34 responses)- A6% (2)
- B12% (4)
- C3% (1)
- D79% (27)
Community Discussion
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