CACC 696 Exam Review 2025/2026 Exam
Questions and Verified Answers |
1
Already Graded A+
What are internal controls that prevent fraud? - 🧠 ANSWER ✔✔1. Independent
Verification
2. Transaction Authorization
3. Segregation of Duties
4. Supervision
5. Accounting Records
6. Access Control
What is segregation of duties? - 🧠 ANSWER ✔✔Separating key operations to
prevent one person having control over critical processes
What does the Accounting Clerk Flowchart look like? - 🧠 ANSWER ✔✔Daily
Procedures -> End of Month Procedures
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, What is a data warehouse? - 🧠 ANSWER ✔✔A relational database that can be
accessed using queries and other tools
2
Do companies separate data warehouses from operational databases? - 🧠 ANSWER
✔✔Yes
What are the purposes of data warehousing? - 🧠 ANSWER ✔✔1. Optimize the
business
2. Strategic benefit can be gained by sharing data externally
3. Able to provide customers with information quickly
4. Internet technologies and OLAP applications can share data warehouse with
trading departments
What are control issues with data warehouses? - 🧠 ANSWER ✔✔1. Authorization
of users at customer and supplier sites
2. Users views
3. Access Privileges for outside users controlled by passwords
4. Internet Sessions should be secured using firewall, encryption and digital
signatures
5. Periodic Audits to assess the risk assessment and review of access levels granted
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
Questions and Verified Answers |
1
Already Graded A+
What are internal controls that prevent fraud? - 🧠 ANSWER ✔✔1. Independent
Verification
2. Transaction Authorization
3. Segregation of Duties
4. Supervision
5. Accounting Records
6. Access Control
What is segregation of duties? - 🧠 ANSWER ✔✔Separating key operations to
prevent one person having control over critical processes
What does the Accounting Clerk Flowchart look like? - 🧠 ANSWER ✔✔Daily
Procedures -> End of Month Procedures
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, What is a data warehouse? - 🧠 ANSWER ✔✔A relational database that can be
accessed using queries and other tools
2
Do companies separate data warehouses from operational databases? - 🧠 ANSWER
✔✔Yes
What are the purposes of data warehousing? - 🧠 ANSWER ✔✔1. Optimize the
business
2. Strategic benefit can be gained by sharing data externally
3. Able to provide customers with information quickly
4. Internet technologies and OLAP applications can share data warehouse with
trading departments
What are control issues with data warehouses? - 🧠 ANSWER ✔✔1. Authorization
of users at customer and supplier sites
2. Users views
3. Access Privileges for outside users controlled by passwords
4. Internet Sessions should be secured using firewall, encryption and digital
signatures
5. Periodic Audits to assess the risk assessment and review of access levels granted
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
