Exam 712-50 topic 1 question 288 discussion

Actual exam question from ECCouncil's 712-50

Question #: 288
Topic #: 1

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.

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Suggested Answer: D 🗳️

by arifbhatkar at Dec. 21, 2022, 3:35 p.m.

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Valen2259

8 months, 1 week 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

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alfaMegatron

9 months ago

Selected Answer: D

D is correct Answer

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Pika26

2 years, 1 month 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

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arifbhatkar

2 years, 4 months ago

Selected Answer: D

It's logical that there is lack of segregation of duties

upvoted 4 times

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