Question 1

Discuss the key features of Section 302 of the Sarbanes-Oxley Act.

Accepted Answer

Section 302 requires corporate managemen

Question 2

Which of the following is not a limitation of the internal control system?

Accepted Answer

A)  errors are made due to employee fatigue 
B)  fraud occurs because of collusion between two employees 
C)  the industry is inherently risky 
D)  management instructs the bookkeeper to make fraudulent journal entries 
A)  errors are made due to employee fatigue 
B)  fraud occurs because of collusion between two employees 
C)  the industry is inherently risky 
D)  management instructs the bookkeeper to make fraudulent journal entries

Question 3

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

Discuss the key features of Section 302 of the Sarbanes-Oxley Act.

Which of the following is not a limitation of the internal control system?

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

Auditing IT Governance Controls

Security Part I: Auditing Operating Systems and Networks

IT Security Part II: Auditing Database Systems

Systems Development and Program Change Activities

Overview of Transaction Processing and Financial Reporting Systems

Computer-Assisted Audit Tools and Techniques

Data Structures and CAATTs for Data Extraction

Auditing the Revenue Cycle

Auditing the Expenditure Cycle

Business Ethics, Fraud, and Fraud Detection

Enterprise Resource Planning Systems

Filters

Exam 1: Auditing and Internal Control

Discuss the key features of Section 302 of the Sarbanes-Oxley Act.

Which of the following is not a limitation of the internal control system?

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

Auditing IT Governance Controls

Security Part I: Auditing Operating Systems and Networks

IT Security Part II: Auditing Database Systems

Systems Development and Program Change Activities

Overview of Transaction Processing and Financial Reporting Systems

Computer-Assisted Audit Tools and Techniques

Data Structures and CAATTs for Data Extraction

Auditing the Revenue Cycle

Auditing the Expenditure Cycle

Business Ethics, Fraud, and Fraud Detection

Enterprise Resource Planning Systems

Filters