Question 1

The greatest drawback of an integrated test facility is that:

Accepted Answer

A) It requires the construction of a high volume of test data 
B) It introduces artificial transactions into the transaction stream 
C) It produces overkill in the audit function 
D) It is not broad enough to cover the entire spectrum of activities involved in the AIS 
A) It requires the construction of a high volume of test data 
B) It introduces artificial transactions into the transaction stream 
C) It produces overkill in the audit function 
D) It is not broad enough to cover the entire spectrum of activities involved in the AIS B

Question 2

Which of the following is not one of the groups of SOX compliance requirements?

Accepted Answer

A) Requirements to use an IT auditor to evaluate controls 
B) Regulations governing executive reporting and conduct 
C) Rules about financial statement reporting 
D) Audit committee/corporate governance requirements 
A) Requirements to use an IT auditor to evaluate controls 
B) Regulations governing executive reporting and conduct 
C) Rules about financial statement reporting 
D) Audit committee/corporate governance requirements A

Question 3

The Institute of Internal Auditors (IIA)released the Information Technology Assurance Framework (ITAF)as a "professional practices framework for IS audit and assurance".

Accepted Answer

A) True 
 B)False  False

Question 4

Test data makes it possible to determine whether computer code is free from errors or fraud.

Accepted Answer

A) True 
 B)False

Question 5

SQL is:

Accepted Answer

A) An example of an integrated test facility 
B) A generalized audit software program 
C) A tool used for continuous auditing 
D) A query language used by auditors to retrieve and manipulate data 
A) An example of an integrated test facility 
B) A generalized audit software program 
C) A tool used for continuous auditing 
D) A query language used by auditors to retrieve and manipulate data

Question 6

The advantages of around-the-computer auditing include:

Accepted Answer

A) The emphasis which is placed on testing data processing exceptions 
B) Use of live data 
C) The minimal disturbance of a company's records 
D) both b and c 
A) The emphasis which is placed on testing data processing exceptions 
B) Use of live data 
C) The minimal disturbance of a company's records 
D) both b and c

Question 7

Information Technology (IT)governance includes using IT responsibly and efficiently, but not necessarily strategically.

Accepted Answer

A) True 
 B)False

Question 8

Risks of using an integrated test facility include:

Accepted Answer

A) Failure to remove fake transactions from the client's system 
B) High costs of building the facility 
C) Discovery of many control weaknesses 
D) none of the above 
A) Failure to remove fake transactions from the client's system 
B) High costs of building the facility 
C) Discovery of many control weaknesses 
D) none of the above

Question 9

The auditor's role in reviewing the system of computer program development:

Accepted Answer

A) Does not include checking to see that all program changes are properly documented 
B) Does not include a check of librarian functions 
C) Does not include checking to see that program change requests are properly costed 
D) Includes a cross-check of program changes against in-use programs 
A) Does not include checking to see that all program changes are properly documented 
B) Does not include a check of librarian functions 
C) Does not include checking to see that program change requests are properly costed 
D) Includes a cross-check of program changes against in-use programs

Question 10

Computer assisted audit techniques:

Accepted Answer

A) Are never used in compliance testing 
B) May be used for substantive and compliance testing 
C) Are used primarily when auditing around the computer 
D) Are good tools for auditors who are lacking in technical computer skills 
A) Are never used in compliance testing 
B) May be used for substantive and compliance testing 
C) Are used primarily when auditing around the computer 
D) Are good tools for auditors who are lacking in technical computer skills

Question 11

Certified Information Systems Auditors must have an accounting degree.

Accepted Answer

A) True 
 B)False

Question 12

The IT Assurance Framework's (ITAF)Performance Standards

Accepted Answer

A) Provide guidance on the planning and execution of IT assurance activities 
B) Provide guidance on the attributes of the IT auditing profession 
C) Provide guidance on the nature of communications issued by the IT auditor 
D) Provide guidance on the distribution of IT audit reports 
A) Provide guidance on the planning and execution of IT assurance activities 
B) Provide guidance on the attributes of the IT auditing profession 
C) Provide guidance on the nature of communications issued by the IT auditor 
D) Provide guidance on the distribution of IT audit reports

Question 13

Electronic Workpaper software (EWP)enable the auditor to review computer files without continually rewriting processing programs.

Accepted Answer

A) True 
 B)False

Question 14

Auditors may use transaction tagging to verify how a system processes certain transactions.

Accepted Answer

A) True 
 B)False

Question 15

Normal transactions rather than exception transactions are of most interest to auditors.

Accepted Answer

A) True 
 B)False

Question 16

If control procedures over a company's computerized financial accounting system are particularly strong, auditors will not need to perform any substantive testing.

Accepted Answer

A) True 
 B)False

Question 17

The best educational background for a Certified Information Systems Auditor is:

Accepted Answer

A) A degree in information systems or technology 
B) A degree which combines the study of accounting with the study of information systems 
C) No college degree, but work experience in information systems 
D) An accounting degree 
A) A degree in information systems or technology 
B) A degree which combines the study of accounting with the study of information systems 
C) No college degree, but work experience in information systems 
D) An accounting degree

Question 18

Continuous audit techniques can improve the effectiveness of the audit by:

Accepted Answer

A) Focusing most of the audit effort near the year-end 
B) Alerting auditors to potential problems when the problems occur 
C) Protecting the privacy of the auditors 
D) Facilitating parallel simulation 
A) Focusing most of the audit effort near the year-end 
B) Alerting auditors to potential problems when the problems occur 
C) Protecting the privacy of the auditors 
D) Facilitating parallel simulation

Question 19

Embedded audit modules and audit hooks are examples of continuous auditing techniques.

Accepted Answer

A) True 
 B)False

Question 20

Increased use of big data by organizations is causing internal audit functions:

Accepted Answer

A) To increase recruiting of IT specialists 
B) To abandon the CISA certification 
C) To stop using cloud computing 
D) To increase their focus on debits and credits 
A) To increase recruiting of IT specialists 
B) To abandon the CISA certification 
C) To stop using cloud computing 
D) To increase their focus on debits and credits

The greatest drawback of an integrated test facility is that:

Which of the following is not one of the groups of SOX compliance requirements?

The Institute of Internal Auditors (IIA)released the Information Technology Assurance Framework (ITAF)as a "professional practices framework for IS audit and assurance".

Test data makes it possible to determine whether computer code is free from errors or fraud.

SQL is:

The advantages of around-the-computer auditing include:

Information Technology (IT)governance includes using IT responsibly and efficiently, but not necessarily strategically.

Risks of using an integrated test facility include:

The auditor's role in reviewing the system of computer program development:

Computer assisted audit techniques:

Certified Information Systems Auditors must have an accounting degree.

The IT Assurance Framework's (ITAF)Performance Standards

Electronic Workpaper software (EWP)enable the auditor to review computer files without continually rewriting processing programs.

Auditors may use transaction tagging to verify how a system processes certain transactions.

Normal transactions rather than exception transactions are of most interest to auditors.

If control procedures over a company's computerized financial accounting system are particularly strong, auditors will not need to perform any substantive testing.

The best educational background for a Certified Information Systems Auditor is:

Continuous audit techniques can improve the effectiveness of the audit by:

Embedded audit modules and audit hooks are examples of continuous auditing techniques.

Increased use of big data by organizations is causing internal audit functions:

Accounting Information Systems and the Accountant

Accounting on the Internet

Information Technology and Aiss

Accounting and Data Analytics

Integrated Accounting and Enterprise Software

Introduction to Internal Control Systems and Risk Management

Computer Controls for Organizations and Accounting Information Systems

Accounting Information Systems and Business Processes: Part I

Accounting Information Systems and Business Processes: Part II

Cybercrime, Fraud, and Ethics

Documenting Accounting Information Systems

Developing and Implementing Effective Accounting Information Systems

Database Design

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Filters

Exam 11: Information Technology Auditing

The greatest drawback of an integrated test facility is that:

Which of the following is not one of the groups of SOX compliance requirements?

The Institute of Internal Auditors (IIA)released the Information Technology Assurance Framework (ITAF)as a "professional practices framework for IS audit and assurance".

Test data makes it possible to determine whether computer code is free from errors or fraud.

SQL is:

The advantages of around-the-computer auditing include:

Information Technology (IT)governance includes using IT responsibly and efficiently, but not necessarily strategically.

Risks of using an integrated test facility include:

The auditor's role in reviewing the system of computer program development:

Computer assisted audit techniques:

Certified Information Systems Auditors must have an accounting degree.

The IT Assurance Framework's (ITAF)Performance Standards

Electronic Workpaper software (EWP)enable the auditor to review computer files without continually rewriting processing programs.

Auditors may use transaction tagging to verify how a system processes certain transactions.

Normal transactions rather than exception transactions are of most interest to auditors.

If control procedures over a company's computerized financial accounting system are particularly strong, auditors will not need to perform any substantive testing.

The best educational background for a Certified Information Systems Auditor is:

Continuous audit techniques can improve the effectiveness of the audit by:

Embedded audit modules and audit hooks are examples of continuous auditing techniques.

Increased use of big data by organizations is causing internal audit functions:

Accounting Information Systems and the Accountant

Accounting on the Internet

Information Technology and Aiss

Accounting and Data Analytics

Integrated Accounting and Enterprise Software

Introduction to Internal Control Systems and Risk Management

Computer Controls for Organizations and Accounting Information Systems

Accounting Information Systems and Business Processes: Part I

Accounting Information Systems and Business Processes: Part II

Cybercrime, Fraud, and Ethics

Documenting Accounting Information Systems

Developing and Implementing Effective Accounting Information Systems

Database Design

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Filters