Question 1

Internal auditors assist external auditors with financial audits to

Accepted Answer

A)  reduce audit fees 
B)  ensure independence 
C)  represent the interests of management 
D)  the statement is not true; internal auditors are not permitted to assist external auditors with financial audits 
A)  reduce audit fees 
B)  ensure independence 
C)  represent the interests of management 
D)  the statement is not true; internal auditors are not permitted to assist external auditors with financial audits

Question 2

The database administrator should be separated from systems development.

Accepted Answer

A) True 
 B)False

Question 3

Discuss the advantages and disadvantages of the second site backup options.

Accepted Answer

Second site backups include mu

Question 4

External auditing is an independent appraisal function established within an organization to examine and evaluate its activities as a service to the organization.

Accepted Answer

A) True 
 B)False

Question 5

Describe the components of a disaster recovery plan.

Accepted Answer

Every disaster recovery plan should:
des

Question 6

For most companies,which of the following is the least critical application for disaster recovery purposes?

Accepted Answer

A)  month-end adjustments 
B)  accounts receivable 
C)  accounts payable 
D)  order entry/billing 
A)  month-end adjustments 
B)  accounts receivable 
C)  accounts payable 
D)  order entry/billing

Question 7

Explain the relationship between internal controls and substantive testing.

Accepted Answer

The stronger the int

Question 8

Auditors examine the physical environment of the computer center as part of their audit.Many characteristics of computer centers are of interest to auditors.What are they? Discuss.

Accepted Answer

The characteristics of computer centers

Question 9

Which statement is not correct?

Accepted Answer

A)  Auditors gather evidence using tests of controls and substantive tests. 
B)  The most important element in determining the level of materiality is the mathematical formula. 
C)  Auditors express an opinion in their audit report. 
D)  Auditors compare evidence to established criteria. 
A)  Auditors gather evidence using tests of controls and substantive tests. 
B)  The most important element in determining the level of materiality is the mathematical formula. 
C)  Auditors express an opinion in their audit report. 
D)  Auditors compare evidence to established criteria.

Question 10

What fraud detection responsibilities (if any)are imposed on auditors by the Sarbanes-Oxley Act?

Accepted Answer

Standard No.2 places new responsibility

Internal auditors assist external auditors with financial audits to

The database administrator should be separated from systems development.

Discuss the advantages and disadvantages of the second site backup options.

External auditing is an independent appraisal function established within an organization to examine and evaluate its activities as a service to the organization.

Describe the components of a disaster recovery plan.

For most companies,which of the following is the least critical application for disaster recovery purposes?

Explain the relationship between internal controls and substantive testing.

Auditors examine the physical environment of the computer center as part of their audit.Many characteristics of computer centers are of interest to auditors.What are they? Discuss.

Which statement is not correct?

What fraud detection responsibilities (if any)are imposed on auditors by the Sarbanes-Oxley Act?

The Information System: An Accountant’s Perspective

Introduction to Transaction Processing

Ethics, Fraud, and Internal Control

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

General Ledger, 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

Construct, Deliver, and Maintain Systems Projects

IT Controls : Security and Access

IT Controls : Systems Development Program Changes and Application Controls

Filters

Exam 15: IT Controls : Sarbanes-Oxley and IT Governance

Internal auditors assist external auditors with financial audits to

The database administrator should be separated from systems development.

Discuss the advantages and disadvantages of the second site backup options.

External auditing is an independent appraisal function established within an organization to examine and evaluate its activities as a service to the organization.

Describe the components of a disaster recovery plan.

For most companies,which of the following is the least critical application for disaster recovery purposes?

Explain the relationship between internal controls and substantive testing.

Auditors examine the physical environment of the computer center as part of their audit.Many characteristics of computer centers are of interest to auditors.What are they? Discuss.

Which statement is not correct?

What fraud detection responsibilities (if any)are imposed on auditors by the Sarbanes-Oxley Act?

The Information System: An Accountant’s Perspective

Introduction to Transaction Processing

Ethics, Fraud, and Internal Control

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

General Ledger, 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

Construct, Deliver, and Maintain Systems Projects

IT Controls : Security and Access

IT Controls : Systems Development Program Changes and Application Controls

Filters