Question 1

An example of a repetitious transaction cycle that an AIS could be developed for is:

Accepted Answer

A)  expenditure. 
B)  production. 
C)  revenue. 
D)  All of the above. 
A)  expenditure. 
B)  production. 
C)  revenue. 
D)  All of the above.

Question 2

Application controls ensure:

Accepted Answer

A)  accuracy. 
B)  integrity. 
C)  security. 
D)  all of the above. 
A)  accuracy. 
B)  integrity. 
C)  security. 
D)  all of the above.

Question 3

The four transaction cycles Financial Supply Chain Management, Procurement and Inbound/Outbound Logistics, Product Manufacturing and Deployment and Sales and Service are a part of:

Accepted Answer

A)  the principles of internal control. 
B)  the SAP modules. 
C)  the Just in Time inventory model. 
D)  total quality management. 
A)  the principles of internal control. 
B)  the SAP modules. 
C)  the Just in Time inventory model. 
D)  total quality management.

Question 4

Internal controls must provide a __________assurance that they achieve their objectives.

Accepted Answer

A)  perfect. 
B)  reasonable. 
C)  guaranteed. 
D)  limited. 
A)  perfect. 
B)  reasonable. 
C)  guaranteed. 
D)  limited.

Question 5

If a systems developer is using a pre-developed system as a starting point for the final system, he or she is using the:

Accepted Answer

A)  classical approach. 
B)  business blueprint approach. 
C)  ERM approach. 
D)  Six-Sigma approach. 
A)  classical approach. 
B)  business blueprint approach. 
C)  ERM approach. 
D)  Six-Sigma approach.

Question 6

Audit work is primarily concerned with cash reconciliation.

Accepted Answer

A) True 
 B)False

Question 7

What does reasonable assurance mean in regards to internal controls?

Accepted Answer

The internal controls must reflect a bal

Question 8

Which of the following is an objective of internal control?

Accepted Answer

A)  Promoting strategic, tactical, and operational efficiency and effectiveness. 
B)  The control environment. 
C)  Risk assessment and management. 
D)  All of the above are objectives of internal control. 
A)  Promoting strategic, tactical, and operational efficiency and effectiveness. 
B)  The control environment. 
C)  Risk assessment and management. 
D)  All of the above are objectives of internal control.

Question 9

Customer payments received via mail should:

Accepted Answer

A)  be held in the mail room until someone from the receivable s department retrieves them. 
B)  be signed by the CFO or treasurer. 
C)  be opened by mailroom staff, bundled and then sent the inter office mail to the receivables department. 
D)  be immediately endorsed restrictively "for deposit only" to the company's account. 
A)  be held in the mail room until someone from the receivable s department retrieves them. 
B)  be signed by the CFO or treasurer. 
C)  be opened by mailroom staff, bundled and then sent the inter office mail to the receivables department. 
D)  be immediately endorsed restrictively "for deposit only" to the company's account.

Question 10

Accounting Information Systems (AISs) are so simple that accountants never need to work with their components, called business processes.

Accepted Answer

A) True 
 B)False

An example of a repetitious transaction cycle that an AIS could be developed for is:

Application controls ensure:

The four transaction cycles Financial Supply Chain Management, Procurement and Inbound/Outbound Logistics, Product Manufacturing and Deployment and Sales and Service are a part of:

Internal controls must provide a __________assurance that they achieve their objectives.

If a systems developer is using a pre-developed system as a starting point for the final system, he or she is using the:

Audit work is primarily concerned with cash reconciliation.

What does reasonable assurance mean in regards to internal controls?

Which of the following is an objective of internal control?

Customer payments received via mail should:

Accounting Information Systems (AISs) are so simple that accountants never need to work with their components, called business processes.

Introduction to Forensic Accounting and Fraud Examination

The Forensic Accounting Legal Environment

Fundamentals II: The Auditing Environment

Fraud Prevention and Risk Management

Fraud Detection

The Fraud Investigation and Engagement Processes

The Evidence Collection Process

Fraud Examination Evidence I: Physical, Documentary, and Observational Evidence

Fraud Examination Evidence II: Interview and Interrogation Methods

Fraud Examination Evidence III: Forensic Science and Computer Forensics

The Fraud Report, Litigation, and the Recovery Process

Employee, Vendor, and Other Frauds Against the Organization

Financial Statement Fraud

Fraud and Sox Compliance

Tax Fraud

Bankruptcy, Divorce, Identity Theft

Organized Crime, Counterterrorism, and Anti-Money Laundering

Business Valuation

Dispute Resolution Services

Filters

Exam 3: Fundamentals I: Accounting Information Systems

An example of a repetitious transaction cycle that an AIS could be developed for is:

Application controls ensure:

The four transaction cycles Financial Supply Chain Management, Procurement and Inbound/Outbound Logistics, Product Manufacturing and Deployment and Sales and Service are a part of:

Internal controls must provide a __________assurance that they achieve their objectives.

If a systems developer is using a pre-developed system as a starting point for the final system, he or she is using the:

Audit work is primarily concerned with cash reconciliation.

What does reasonable assurance mean in regards to internal controls?

Which of the following is an objective of internal control?

Customer payments received via mail should:

Accounting Information Systems (AISs) are so simple that accountants never need to work with their components, called business processes.

Introduction to Forensic Accounting and Fraud Examination

The Forensic Accounting Legal Environment

Fundamentals II: The Auditing Environment

Fraud Prevention and Risk Management

Fraud Detection

The Fraud Investigation and Engagement Processes

The Evidence Collection Process

Fraud Examination Evidence I: Physical, Documentary, and Observational Evidence

Fraud Examination Evidence II: Interview and Interrogation Methods

Fraud Examination Evidence III: Forensic Science and Computer Forensics

The Fraud Report, Litigation, and the Recovery Process

Employee, Vendor, and Other Frauds Against the Organization

Financial Statement Fraud

Fraud and Sox Compliance

Tax Fraud

Bankruptcy, Divorce, Identity Theft

Organized Crime, Counterterrorism, and Anti-Money Laundering

Business Valuation

Dispute Resolution Services

Filters