Question 1

An example of a hash total is

Accepted Answer

A) total payroll checks-$12,315 
B) total number of employees-10 
C) sum of the social security numbers-12,555,437,251 
D) all of the above 
A) total payroll checks-$12,315 
B) total number of employees-10 
C) sum of the social security numbers-12,555,437,251 
D) all of the above

Question 2

Run-to-run control totals can be used for all of the following except

Accepted Answer

A) to ensure that all data input is validated 
B) to ensure that only transactions of a similar type are being processed 
C) to ensure the records are in sequence and are not missing 
D) to ensure that no transaction is omitted 
A) to ensure that all data input is validated 
B) to ensure that only transactions of a similar type are being processed 
C) to ensure the records are in sequence and are not missing 
D) to ensure that no transaction is omitted

Question 3

The employee entered "40" in the "hours worked per day" field.Which check would detect this unintentional error?

Accepted Answer

A) numeric/alphabetic data check 
B) sign check 
C) limit check 
D) missing data check 
A) numeric/alphabetic data check 
B) sign check 
C) limit check 
D) missing data check

Question 4

Para computer ethics is the exposure to stories and reports found in the popular media regarding the good or bad ramifications of computer technology.

Accepted Answer

A) True 
 B)False

Question 5

Who is responsible for establishing and maintaining the internal control system?

Accepted Answer

A) the internal auditor 
B) the accountant 
C) management 
D) the external auditor 
A) the internal auditor 
B) the accountant 
C) management 
D) the external auditor

Question 6

A check digit is a method of detecting data coding errors.

Accepted Answer

A) True 
 B)False

Question 7

Defalcation is another word for financial fraud.

Accepted Answer

A) True 
 B)False

Question 8

Shredding computer printouts is an example of an output control.

Accepted Answer

A) True 
 B)False

Question 9

What control issue is related to reentering corrected error records into a batch processing system? What are the two methods for doing this?

Accepted Answer

Errors detected during processing requir

Question 10

While the Sarbanes-Oxley Act prohibits auditors from providing non-accounting services to their audit clients,they are not prohibited from performing such services for non-audit clients or privately held companies.

Accepted Answer

A) True 
 B)False

Question 11

The decision to extend credit beyond the normal credit limit is an example of

Accepted Answer

A) independent verification 
B) authorization 
C) segregation of functions 
D) supervision 
A) independent verification 
B) authorization 
C) segregation of functions 
D) supervision

Question 12

Distinguish between skimming and cash larceny.Give an example of each.

Accepted Answer

Skimming involves stealing cash from an

Question 13

Input controls are intended to detect errors in transaction data after processing.

Accepted Answer

A) True 
 B)False

Question 14

Forces which may permit fraud to occur do not include

Accepted Answer

A) a gambling addiction 
B) lack of segregation of duties 
C) centralized decision-making environment 
D) questionable integrity of employees 
A) a gambling addiction 
B) lack of segregation of duties 
C) centralized decision-making environment 
D) questionable integrity of employees

Question 15

Which ethical principle states that the benefit from a decision must outweigh the risks,and that there is no alternative decision that provides the same or greater benefit with less risk?

Accepted Answer

A) minimize risk 
B) justice 
C) informed consent 
D) proportionality 
A) minimize risk 
B) justice 
C) informed consent 
D) proportionality

Question 16

Which of the following is an example of an input error correction technique?

Accepted Answer

A) immediate correction 
B) rejection of batch 
C) creation of error file 
D) All are examples of input error correction techniques. 
A) immediate correction 
B) rejection of batch 
C) creation of error file 
D) All are examples of input error correction techniques.

Question 17

What is the objective of SAS 99?

Accepted Answer

The objective of SAS 99 is to

Question 18

The board of directors consists entirely of personal friends of the chief executive officer.This indicates a weakness in

Accepted Answer

A) the accounting system 
B) the control environment 
C) control procedures 
D) This is not a weakness. 
A) the accounting system 
B) the control environment 
C) control procedures 
D) This is not a weakness.

Question 19

Sequentially numbering all sales invoices is an example of __________________________.

Accepted Answer

The answer of Sequentially numbering all sales invoices is an...

Question 20

Which of the following is an example of an input control test?

Accepted Answer

A) sequence check 
B) zero value check 
C) spooling check 
D) range check 
A) sequence check 
B) zero value check 
C) spooling check 
D) range check

An example of a hash total is

Run-to-run control totals can be used for all of the following except

The employee entered "40" in the "hours worked per day" field.Which check would detect this unintentional error?

Para computer ethics is the exposure to stories and reports found in the popular media regarding the good or bad ramifications of computer technology.

Who is responsible for establishing and maintaining the internal control system?

A check digit is a method of detecting data coding errors.

Defalcation is another word for financial fraud.

Shredding computer printouts is an example of an output control.

What control issue is related to reentering corrected error records into a batch processing system? What are the two methods for doing this?

While the Sarbanes-Oxley Act prohibits auditors from providing non-accounting services to their audit clients,they are not prohibited from performing such services for non-audit clients or privately held companies.

The decision to extend credit beyond the normal credit limit is an example of

Distinguish between skimming and cash larceny.Give an example of each.

Input controls are intended to detect errors in transaction data after processing.

Forces which may permit fraud to occur do not include

Which ethical principle states that the benefit from a decision must outweigh the risks,and that there is no alternative decision that provides the same or greater benefit with less risk?

Which of the following is an example of an input error correction technique?

What is the objective of SAS 99?

The board of directors consists entirely of personal friends of the chief executive officer.This indicates a weakness in

Sequentially numbering all sales invoices is an example of __________________________.

Which of the following is an example of an input control test?

The Information System: an Accountants Perspective

Introduction to Transaction Processing

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

Financial Reporting,and Management Reporting Systems

Database Management Systems

The Rea Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Auditing It Controls Part I: Sarbanes-Oxley and It Governance

Auditing It Controls Part II: Security and Access

Auditing It Controls Part III: Systems Development, program Changes, and Application Auditing

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Exam 3: Ethics,fraud,and Internal Control

An example of a hash total is

Run-to-run control totals can be used for all of the following except

The employee entered "40" in the "hours worked per day" field.Which check would detect this unintentional error?

Para computer ethics is the exposure to stories and reports found in the popular media regarding the good or bad ramifications of computer technology.

Who is responsible for establishing and maintaining the internal control system?

A check digit is a method of detecting data coding errors.

Defalcation is another word for financial fraud.

Shredding computer printouts is an example of an output control.

What control issue is related to reentering corrected error records into a batch processing system? What are the two methods for doing this?

While the Sarbanes-Oxley Act prohibits auditors from providing non-accounting services to their audit clients,they are not prohibited from performing such services for non-audit clients or privately held companies.

The decision to extend credit beyond the normal credit limit is an example of

Distinguish between skimming and cash larceny.Give an example of each.

Input controls are intended to detect errors in transaction data after processing.

Forces which may permit fraud to occur do not include

Which ethical principle states that the benefit from a decision must outweigh the risks,and that there is no alternative decision that provides the same or greater benefit with less risk?

Which of the following is an example of an input error correction technique?

What is the objective of SAS 99?

The board of directors consists entirely of personal friends of the chief executive officer.This indicates a weakness in

Sequentially numbering all sales invoices is an example of __________________________.

Which of the following is an example of an input control test?

The Information System: an Accountants Perspective

Introduction to Transaction Processing

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

Financial Reporting,and Management Reporting Systems

Database Management Systems

The Rea Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Auditing It Controls Part I: Sarbanes-Oxley and It Governance

Auditing It Controls Part II: Security and Access

Auditing It Controls Part III: Systems Development, program Changes, and Application Auditing

Filters