Exam 7: Auditing Information Technology-Based Processes

An important requirement of CPA firms is that they must be ________ with regard to the company being audited.The requirement allows CPA firms to provide a completely unbiased opinion on the information it audits.

(Multiple Choice)

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Question 41

A type of assurance services that involves accumulating and analyzing support for the information provided by management is called an:

(Multiple Choice)

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Question 42

The independence of a CPA could be impaired by:

(Multiple Choice)

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Question 43

Which of the following describes a mathematical sum of data that is meaningless to the financial statements but useful for controlling the data and detecting possible missing items?

(Multiple Choice)

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Question 44

The IT auditing approach referred to as "auditing through the system" is necessary under which of the following conditions?

(Multiple Choice)

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Question 45

Which of the following terms in not associated with a financial statement auditor's requirement to maintain independence?

(Multiple Choice)

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Question 46

Accounting services that improve the quality of information provided to the decision maker, an audit being the most common type of this service, is called:

(Multiple Choice)

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Question 47

This type of audit is completed in order to determine whether a company has adhered to the regulations and policies established by contractual agreements, governmental agencies, or some other high authority.

(Multiple Choice)

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Question 48

This type of auditor conducts audits of government agencies or income tax returns.

(Multiple Choice)

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Question 49

During this phase of the audit, the auditor must gain a thorough understanding of the client's business and financial reporting systems.When completing this phase, the auditors review and assess the risks and controls related to the business.

(Multiple Choice)

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(35)

Question 50

Which of the following scenarios does NOT impair the independence of a CPA firm from its client?

(Multiple Choice)

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Question 51

This law, also known as the first-digit law, was named after a physicist who discovered a specific but non-uniform pattern in the frequency of digits occurring as the first number in a list of numbers:

(Multiple Choice)

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Question 52

Auditors may send text messages through a company's system to find out whether encryption of private information is occurring properly.In addition, special software programs are available to help auditors identify weak points in a company's security measures.These are examples of:

(Multiple Choice)

4.9/5

(26)

Question 53

The ten standards that provide broad guidelines for an auditor's professional responsibilities are referred to as:

(Multiple Choice)

4.8/5

(43)

Question 54

This type of audit is completed to determine whether or not the client has prepared and presented its financial statements fairly, in accordance with established financial accounting criteria.

(Multiple Choice)

4.9/5

(32)

Question 55

A process of constant evidence gathering and analysis to provide assurance on the information as soon as it occurs or shortly thereafter is referred to as:

(Multiple Choice)

4.8/5

(38)

Question 56

There are four primary phases of the IT audit.Which of the following is not one of those phases?

(Multiple Choice)

4.9/5

(33)

Question 57

Which of the following audit procedures is most likely to be performed during the planning phase of the audit?

(Multiple Choice)

4.8/5

(42)

Question 58

The audit practice of "auditing around the computer" is also referred to as:

(Multiple Choice)

4.9/5

(30)

Question 59

Which of the following is a general control to test for external access to a client's computerized systems?

(Multiple Choice)

4.8/5

(47)

Question 60

Showing 41 - 60 of 108

An important requirement of CPA firms is that they must be ________ with regard to the company being audited.The requirement allows CPA firms to provide a completely unbiased opinion on the information it audits.

A type of assurance services that involves accumulating and analyzing support for the information provided by management is called an:

The independence of a CPA could be impaired by:

Which of the following describes a mathematical sum of data that is meaningless to the financial statements but useful for controlling the data and detecting possible missing items?

The IT auditing approach referred to as "auditing through the system" is necessary under which of the following conditions?

Which of the following terms in not associated with a financial statement auditor's requirement to maintain independence?

Accounting services that improve the quality of information provided to the decision maker, an audit being the most common type of this service, is called:

This type of audit is completed in order to determine whether a company has adhered to the regulations and policies established by contractual agreements, governmental agencies, or some other high authority.

This type of auditor conducts audits of government agencies or income tax returns.

During this phase of the audit, the auditor must gain a thorough understanding of the client's business and financial reporting systems.When completing this phase, the auditors review and assess the risks and controls related to the business.

Which of the following scenarios does NOT impair the independence of a CPA firm from its client?

This law, also known as the first-digit law, was named after a physicist who discovered a specific but non-uniform pattern in the frequency of digits occurring as the first number in a list of numbers:

Auditors may send text messages through a company's system to find out whether encryption of private information is occurring properly.In addition, special software programs are available to help auditors identify weak points in a company's security measures.These are examples of:

The ten standards that provide broad guidelines for an auditor's professional responsibilities are referred to as:

This type of audit is completed to determine whether or not the client has prepared and presented its financial statements fairly, in accordance with established financial accounting criteria.

A process of constant evidence gathering and analysis to provide assurance on the information as soon as it occurs or shortly thereafter is referred to as:

There are four primary phases of the IT audit.Which of the following is not one of those phases?

Which of the following audit procedures is most likely to be performed during the planning phase of the audit?

The audit practice of "auditing around the computer" is also referred to as:

Which of the following is a general control to test for external access to a client's computerized systems?

Introduction to AIS

Foundational Concepts of the AIS

Fraud, Ethics, and Internal Control

Internal Controls and Risks in IT Systems

IT Governance

Enterprise Resource Planning ERP Systems

Revenue and Cash Collection Processes and Controls

Expenditures Processes and Controlspurchases

Expenditures Processes and Controlspayroll and Fixed Assets

Conversion Processes and Controls

Administrative Processes and Controls

Data and Databases

E-Commerce and E-Business

Filters