Question 1

Describe two types of transposition errors.

Accepted Answer

1. Single transposition errors occur whe

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

Which of the following is not an input control?

Accepted Answer

A)  Range check 
B)  Limit check 
C)  Spooling check 
D)  Validity check 
E)  They are all input controls 
A)  Range check 
B)  Limit check 
C)  Spooling check 
D)  Validity check 
E)  They are all input controls

Question 4

An input control that tests time card records to verify than no employee has worked more 50 hours in a pay period is an example of a range test.

Accepted Answer

A) True 
 B)False

Question 5

What are the three categories of processing control?

Accepted Answer

Batch controls, run-

Question 6

After data is entered into the system, it is processed. Processing control exists to make sure that the correct things happen during processing. Discuss processing controls.

Accepted Answer

Processing controls take three forms-bat

Question 7

Describe and contrast the test data method with the integrated test facility.

Accepted Answer

In the test data method, a specially pre

Question 8

Name three types of transcription errors.

Accepted Answer

1. Addition errors occur when an extra d

Question 9

Define each of the following input controls and give an example of how they may be used:a. Missing data check
b. Numeric/alphabetic data check
c. Limit check
d. Range check
e. Reasonableness check
f. Validity check

Accepted Answer

Missing data check is useful because som

Question 10

Which statement is not true? A batch control record

Accepted Answer

A)  contains a transaction code 
B)  records the record count 
C)  contains a hash total 
D)  control figures in the record may be adjusted during processing 
E)  All the above are true 
A)  contains a transaction code 
B)  records the record count 
C)  contains a hash total 
D)  control figures in the record may be adjusted during processing 
E)  All the above are true

Question 11

A reasonableness check determines if a value in one field is reasonable when considered along with data in other fields of the record

Accepted Answer

A) True 
 B)False

Question 12

The presence of an audit trail is critical to the integrity of the accounting information system. Discuss three of the techniques used to preserve the audit trail.

Accepted Answer

Transaction logs list all transactions s

Question 13

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 14

The order entry system will allow a 10 percent variation in list price. For example, an item with a list price of $1 could be sold for 90 cents or $1.10 without any system interference. The cost of the item is $3, but the cashier entered $2. Which control would detect this error?

Accepted Answer

The answer of The order entry system will allow a...

Question 15

Incorrectly recording sales order number 123456 as 124356 is an example of a transcription error

Accepted Answer

A) True 
 B)False

Question 16

If input and processing controls are adequate, why are output controls needed?

Accepted Answer

Output controls are designed to ensure t

Question 17

Explain the three methods used to correct errors in data entry.

Accepted Answer

Correct immediately. In the direct data

Question 18

Auditors do not rely on detailed knowledge of the application's internal logic when they use the __________________________ approach to auditing computer applications.

Accepted Answer

black box

Question 19

All of the following statements are true about the integrated test facility (ITF) except

Accepted Answer

A)  production reports are affected by ITF transactions 
B)  ITF databases contain "dummy" records integrated with legitimate records 
C)  ITF permits ongoing application auditing 
D)  ITF does not disrupt operations or require the intervention of computer services personnel 
A)  production reports are affected by ITF transactions 
B)  ITF databases contain "dummy" records integrated with legitimate records 
C)  ITF permits ongoing application auditing 
D)  ITF does not disrupt operations or require the intervention of computer services personnel

Question 20

The correct purchase order number is123456. All of the following are transcription errors except

Accepted Answer

A)  1234567 
B)  12345 
C)  124356 
D)  123454 
A)  1234567 
B)  12345 
C)  124356 
D)  123454

Describe two types of transposition errors.

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

Which of the following is not an input control?

An input control that tests time card records to verify than no employee has worked more 50 hours in a pay period is an example of a range test.

What are the three categories of processing control?

After data is entered into the system, it is processed. Processing control exists to make sure that the correct things happen during processing. Discuss processing controls.

Describe and contrast the test data method with the integrated test facility.

Name three types of transcription errors.

Define each of the following input controls and give an example of how they may be used:a. Missing data check b. Numeric/alphabetic data check c. Limit check d. Range check e. Reasonableness check f. Validity check

Which statement is not true? A batch control record

A reasonableness check determines if a value in one field is reasonable when considered along with data in other fields of the record

The presence of an audit trail is critical to the integrity of the accounting information system. Discuss three of the techniques used to preserve the audit trail.

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

The order entry system will allow a 10 percent variation in list price. For example, an item with a list price of $1 could be sold for 90 cents or $1.10 without any system interference. The cost of the item is $3, but the cashier entered $2. Which control would detect this error?

Incorrectly recording sales order number 123456 as 124356 is an example of a transcription error

If input and processing controls are adequate, why are output controls needed?

Explain the three methods used to correct errors in data entry.

Auditors do not rely on detailed knowledge of the application's internal logic when they use the __________________________ approach to auditing computer applications.

All of the following statements are true about the integrated test facility (ITF) except

The correct purchase order number is123456. All of the following are transcription errors except

Auditing and Internal Control

Auditing IT Governance Controls

Auditing Operating Systems and Networks

Auditing Database Systems

Systems Development and Program Change Activities

Transaction Processing and Financial Reporting Systems Overview

Data Structures and Caatts for Data Extraction

Auditing the Revenue Cycle

Auditing the Expenditure Cycle

Enterprise Resource Planning Systems

Business Ethics, Fraud, and Fraud Detection

Filters

Exam 7: Computer Assisted Audit Tools and Techniques

Describe two types of transposition errors.

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

Which of the following is not an input control?

An input control that tests time card records to verify than no employee has worked more 50 hours in a pay period is an example of a range test.

What are the three categories of processing control?

After data is entered into the system, it is processed. Processing control exists to make sure that the correct things happen during processing. Discuss processing controls.

Describe and contrast the test data method with the integrated test facility.

Name three types of transcription errors.

Define each of the following input controls and give an example of how they may be used:a. Missing data check b. Numeric/alphabetic data check c. Limit check d. Range check e. Reasonableness check f. Validity check

Which statement is not true? A batch control record

A reasonableness check determines if a value in one field is reasonable when considered along with data in other fields of the record

The presence of an audit trail is critical to the integrity of the accounting information system. Discuss three of the techniques used to preserve the audit trail.

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

The order entry system will allow a 10 percent variation in list price. For example, an item with a list price of $1 could be sold for 90 cents or $1.10 without any system interference. The cost of the item is $3, but the cashier entered $2. Which control would detect this error?

Incorrectly recording sales order number 123456 as 124356 is an example of a transcription error

If input and processing controls are adequate, why are output controls needed?

Explain the three methods used to correct errors in data entry.

Auditors do not rely on detailed knowledge of the application's internal logic when they use the __________________________ approach to auditing computer applications.

All of the following statements are true about the integrated test facility (ITF) except

The correct purchase order number is123456. All of the following are transcription errors except

Auditing and Internal Control

Auditing IT Governance Controls

Auditing Operating Systems and Networks

Auditing Database Systems

Systems Development and Program Change Activities

Transaction Processing and Financial Reporting Systems Overview

Data Structures and Caatts for Data Extraction

Auditing the Revenue Cycle

Auditing the Expenditure Cycle

Enterprise Resource Planning Systems

Business Ethics, Fraud, and Fraud Detection

Filters