Question 1

Verifying the accuracy of certain information,often through communication with third parties,is known as

Accepted Answer

A)  reperformance. 
B)  confirmation. 
C)  substantiation. 
D)  documentation. 
A)  reperformance. 
B)  confirmation. 
C)  substantiation. 
D)  documentation.

Question 2

The scope of a(n)________ audit encompasses all aspects of systems management.

Accepted Answer

A)  operational 
B)  information systems 
C)  financial 
D)  internal control 
A)  operational 
B)  information systems 
C)  financial 
D)  internal control

Question 3

An auditor finds that employee absentee rates are significantly higher on Mondays and Fridays than on other work days.This is an example collecting audit evidence by

Accepted Answer

A)  confirmation. 
B)  reperformance. 
C)  vouching. 
D)  analytical review. 
A)  confirmation. 
B)  reperformance. 
C)  vouching. 
D)  analytical review.

Question 4

An auditor sets an embedded audit module to record all credit transactions in excess of $1,500 and store the data in an audit log.The auditor is using

Accepted Answer

A)  the snapshot technique. 
B)  a system control audit review file. 
C)  audit hooks. 
D)  continuous and intermittent simulation. 
A)  the snapshot technique. 
B)  a system control audit review file. 
C)  audit hooks. 
D)  continuous and intermittent simulation.

Question 5

An auditor sets an embedded audit module to selectively monitor transactions.Selected transactions are then reprocessed independently,and the results are compared with those obtained by the normal system processing.The auditor is using

Accepted Answer

A)  an integrated test facility. 
B)  the snapshot technique. 
C)  a system control audit review file. 
D)  continuous and intermittent simulation. 
A)  an integrated test facility. 
B)  the snapshot technique. 
C)  a system control audit review file. 
D)  continuous and intermittent simulation.

Question 6

An increase in the effectiveness of internal controls would have the greatest effect on

Accepted Answer

A)  reducing control risk. 
B)  reducing detection risk. 
C)  reducing inherent risk. 
D)  reducing audit risk. 
A)  reducing control risk. 
B)  reducing detection risk. 
C)  reducing inherent risk. 
D)  reducing audit risk.

Question 7

An audit software program that generates programs that perform certain audit functions,based on auditor specifications,is referred to as a(n)

Accepted Answer

A)  input controls matrix. 
B)  CAATS. 
C)  embedded audit module. 
D)  mapping program. 
A)  input controls matrix. 
B)  CAATS. 
C)  embedded audit module. 
D)  mapping program.

Question 8

To maintain the objectivity necessary for performing an independent evaluation function,auditors should not be involved in

Accepted Answer

A)  making recommendations to management for improvement of existing internal controls. 
B)  examining system access logs. 
C)  examining logical access policies and procedures. 
D)  developing the information system. 
A)  making recommendations to management for improvement of existing internal controls. 
B)  examining system access logs. 
C)  examining logical access policies and procedures. 
D)  developing the information system.

Question 9

Describe how audit evidence can be collected.

Accepted Answer

Since the audit effort revolves around t

Question 10

Control risk is defined as the

Accepted Answer

A)  susceptibility to material risk in the absence of controls. 
B)  risk that a material misstatement will get through the internal control structure and into the financial statements. 
C)  risk that auditors and their audit procedures will not detect a material error or misstatement. 
D)  risk auditors will not be given the appropriate documents and records by management who wants to control audit activities and procedures. 
A)  susceptibility to material risk in the absence of controls. 
B)  risk that a material misstatement will get through the internal control structure and into the financial statements. 
C)  risk that auditors and their audit procedures will not detect a material error or misstatement. 
D)  risk auditors will not be given the appropriate documents and records by management who wants to control audit activities and procedures.

Question 11

Auditing involves the

Accepted Answer

A)  collection, review, and documentation of audit evidence. 
B)  planning and verification of economic events. 
C)  collection of audit evidence and approval of economic events. 
D)  testing, documentation, and certification of audit evidence. 
A)  collection, review, and documentation of audit evidence. 
B)  planning and verification of economic events. 
C)  collection of audit evidence and approval of economic events. 
D)  testing, documentation, and certification of audit evidence.

Question 12

The ________ to auditing provides auditors with a clear understanding of possible errors and irregularities and the related risks and exposures.

Accepted Answer

A)  risk-based approach 
B)  risk-adjusted approach 
C)  financial audit approach 
D)  information systems approach 
A)  risk-based approach 
B)  risk-adjusted approach 
C)  financial audit approach 
D)  information systems approach

Verifying the accuracy of certain information,often through communication with third parties,is known as

The scope of a(n)________ audit encompasses all aspects of systems management.

An auditor finds that employee absentee rates are significantly higher on Mondays and Fridays than on other work days.This is an example collecting audit evidence by

An auditor sets an embedded audit module to record all credit transactions in excess of $1,500 and store the data in an audit log.The auditor is using

An auditor sets an embedded audit module to selectively monitor transactions.Selected transactions are then reprocessed independently,and the results are compared with those obtained by the normal system processing.The auditor is using

An increase in the effectiveness of internal controls would have the greatest effect on

An audit software program that generates programs that perform certain audit functions,based on auditor specifications,is referred to as a(n)

To maintain the objectivity necessary for performing an independent evaluation function,auditors should not be involved in

Describe how audit evidence can be collected.

Control risk is defined as the

Auditing involves the

The ________ to auditing provides auditors with a clear understanding of possible errors and irregularities and the related risks and exposures.

Accounting Information Systems: an Overview

Overview of Transaction Processing and Erp Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Information Systems Controls for System Reliability Part 1: Information Security

Information Systems Controls for Systems Reliability Part 2: Confidentiality and Privacy

Information Systems Controls for Systems Reliability Part 3: Processing Integrity and Availability

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Production Cycle

The Human Resources Management and Payroll Cycle

General Ledger and Reporting System

The Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters

Exam 11: Auditing Computer-Based Information Systems

Verifying the accuracy of certain information,often through communication with third parties,is known as

The scope of a(n)________ audit encompasses all aspects of systems management.

An auditor finds that employee absentee rates are significantly higher on Mondays and Fridays than on other work days.This is an example collecting audit evidence by

An auditor sets an embedded audit module to record all credit transactions in excess of $1,500 and store the data in an audit log.The auditor is using

An auditor sets an embedded audit module to selectively monitor transactions.Selected transactions are then reprocessed independently,and the results are compared with those obtained by the normal system processing.The auditor is using

An increase in the effectiveness of internal controls would have the greatest effect on

An audit software program that generates programs that perform certain audit functions,based on auditor specifications,is referred to as a(n)

To maintain the objectivity necessary for performing an independent evaluation function,auditors should not be involved in

Describe how audit evidence can be collected.

Control risk is defined as the

Auditing involves the

The ________ to auditing provides auditors with a clear understanding of possible errors and irregularities and the related risks and exposures.

Accounting Information Systems: an Overview

Overview of Transaction Processing and Erp Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Information Systems Controls for System Reliability Part 1: Information Security

Information Systems Controls for Systems Reliability Part 2: Confidentiality and Privacy

Information Systems Controls for Systems Reliability Part 3: Processing Integrity and Availability

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Production Cycle

The Human Resources Management and Payroll Cycle

General Ledger and Reporting System

The Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters