Match the accounting terminology to the definitions.

1. Sarbanes-Oxley Act

2. Internal control

3. Encryption

4. Separation of duties

5. Internal auditors

a. Organizational plan and all the related measures adopted by an entity to safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate and reliable accounting records.

b. Employees of the business who ensure that the company’s employees are following company policies and meeting legal requirements and that operations are running efficiently.

c. Rearranging plain-text messages by a mathematical process—the primary method of achieving security in e-commerce.

d. Requires companies to review internal control and take responsibility for the accuracy and

completeness of their financial reports.

e. Dividing responsibilities between two or more people.

S.No.

Terminology

Definitions

1

Sarbanes-Oxley Act

(d)The Sarbanes-Oxley act is the act that requires companies to review internal control and takes responsibility for the accuracy and completeness of their financial reports.

2

Internal Control

(a) Internal control is an organizational plan and all the related measures adopted by an entity to safeguard assets, encourage employees to follow company policies, promote operational, efficiency and ensure accurate and reliable accounting records

3

Encryption

(c) Encryption means rearranging plain-text messages by a mathematical process—the primary method of achieving security in e-commerce.

4

Separation of Duties

(e)The separation of duties is dividing responsibilities between two or more people.

5

Internal Auditors

(b)Internal auditors are the employees of the business who ensure that the company’s employees are following company policies and meeting legal requirements and that operations are running efficiently