Acca paper F1 fia diploma in Accounting and Business Accountant in Business (AB/fab) exam kit

Which of these options is/are correct? 
A (1) 
only 
B (2) 
only 
C Both 
D Neither 
(2 marks)
197 The fact that managers are not aware of problems a company is facing, such as not 
knowing that a major incident of fraud has recently taken place, would weaken which of 
the following components of internal controls? 
A Control 
environment 
B Risk 
assessment 
process 
C Control 
activities 
D 
Monitoring of controls 
(2 marks)
198 A retail company operates a transaction processing system (TPS). Which component of 
internal control would this be a part of? 
A Risk 
assessment 
process 
B 
Monitoring of controls 
C Control 
environment 
D Information 
systems
 (2 
marks)
199 
Consider the following statements regarding control activities: 
(1) 
The primary purpose of the segregation of duties between individuals within the 
organisation is to locate and identify frauds that employees have perpetrated.
(2) 
‘General’ computer controls include physical controls to prevent unauthorised access 
to computer equipment, such as door locks and card entry systems. 
Which of these options is/are correct? 
A (1) 
only 
B (2) 
only 
C Both 
D Neither 
(2 marks)
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PRA CTICE OBJE CTIVE TEST QUESTIONS : 
SECTION 1 
K APLA N PUBLISH ING 
45 
200 Mrs Smith is the payables clerk in a large manufacturing organisation. One of her duties is 
to write up the purchase ledger but she is not authorised to make payments to suppliers.