Question 1

The ________ audit examines the reliability and integrity of accounting records.

Accepted Answer

A) financial 
B) informational 
C) information systems 
D) operational 
A) financial 
B) informational 
C) information systems 
D) operational

Question 2

Describe how audit evidence can be collected.

Accepted Answer

Since the audit effort revolves around t

Question 3

What is the purpose of an information systems audit?

Accepted Answer

A) To determine the inherent risk factors found in the system. 
B) To review and evaluate the internal controls that protect the system. 
C) To examine the reliability and integrity of accounting records. 
D) To examine whether resources have been used in an economical and efficient manner in keeping with organization goals and objectives. 
A) To determine the inherent risk factors found in the system. 
B) To review and evaluate the internal controls that protect the system. 
C) To examine the reliability and integrity of accounting records. 
D) To examine whether resources have been used in an economical and efficient manner in keeping with organization goals and objectives.

Question 4

Name and describe the different types of audits.

Accepted Answer

The financial audit - this audit examine

Question 5

During the evidence evaluation stage of an operational audit,the auditor measures the system against generally accepted accounting principles (GAAP).

Accepted Answer

A) True 
 B)False

Question 6

An auditor manually calculates accumulated depreciation on a delivery van and compares her calculation with the accounting records.The auditor is performing

Accepted Answer

A) vouching. 
B) confirmation. 
C) reperformance. 
D) analytical review. 
A) vouching. 
B) confirmation. 
C) reperformance. 
D) analytical review.

Question 7

There is an inverse relationship between control risk and detection risk.

Accepted Answer

A) True 
 B)False

Question 8

An auditor sets an embedded audit module to flag questionable online transactions,display information about the transaction on the auditor's computer,and send a text message to the auditor's cell phone.The auditor is using

Accepted Answer

A) the snapshot technique. 
B) a system control audit review file. 
C) audit hooks. 
D) continuous and intermittent simulation. 
A) the snapshot technique. 
B) a system control audit review file. 
C) audit hooks. 
D) continuous and intermittent simulation.

Question 9

A(n)________ audit is concerned with the economical and efficient use of resources and the accomplishment of established goals and objectives.

Accepted Answer

A) operational or management 
B) financial 
C) information systems 
D) internal control 
A) operational or management 
B) financial 
C) information systems 
D) internal control

Question 10

An auditor calculates the current ratio of the company to determine its ability to pay off its current financial obligation.This is an example of

Accepted Answer

A) review of the documentation. 
B) vouching. 
C) confirmation. 
D) analytical review. 
A) review of the documentation. 
B) vouching. 
C) confirmation. 
D) analytical review.

Question 11

Describe the risk-based audit approach.

Accepted Answer

The risk-based audit approach has four s

Question 12

Organizing the audit team and the physical examination of assets are components of which two separate audit stages?

Accepted Answer

A) Planning;evaluating audit evidence. 
B) Planning;collecting audit evidence. 
C) Collecting audit evidence;communicating audit results. 
D) Communicating audit results;evaluating audit evidence. 
A) Planning;evaluating audit evidence. 
B) Planning;collecting audit evidence. 
C) Collecting audit evidence;communicating audit results. 
D) Communicating audit results;evaluating audit evidence.

Question 13

Marking transactions with a special code,recording them and their master file records before and after processing,and storing the data to later verify that all processing steps were properly executed is an example of

Accepted Answer

A) integrated test facility. 
B) snapshot technique. 
C) system control audit review file. 
D) audit hooks. 
A) integrated test facility. 
B) snapshot technique. 
C) system control audit review file. 
D) audit hooks.

Question 14

Assessing the quality of internal controls,the reliability of information,and operating performance are all part of

Accepted Answer

A) audit planning. 
B) collection of audit evidence. 
C) communication of audit results. 
D) evaluation of audit evidence. 
A) audit planning. 
B) collection of audit evidence. 
C) communication of audit results. 
D) evaluation of audit evidence.

Question 15

________ can determine whether the necessary control procedures are in place.

Accepted Answer

A) A systems review 
B) A systems overhaul 
C) Tests of controls 
D) Both B and C 
A) A systems review 
B) A systems overhaul 
C) Tests of controls 
D) Both B and C

Question 16

Auditing involves the

Accepted Answer

A) collection,review,and documentation of audit evidence. 
B) planning and verification of economic events. 
C) collection of audit evidence and approval of economic events. 
D) testing,documentation,and certification of audit evidence. 
A) collection,review,and documentation of audit evidence. 
B) planning and verification of economic events. 
C) collection of audit evidence and approval of economic events. 
D) testing,documentation,and certification of audit evidence.

Question 17

An audit software program that generates programs that perform certain audit functions,based on auditor specifications,is referred to as a(n)

Accepted Answer

A) input controls matrix. 
B) CAATS. 
C) embedded audit module. 
D) mapping program. 
A) input controls matrix. 
B) CAATS. 
C) embedded audit module. 
D) mapping program.

Question 18

An auditor finds that employee absentee rates are significantly higher on Mondays and Fridays than on other work days.This is an example collecting audit evidence by

Accepted Answer

A) confirmation. 
B) reperformance. 
C) vouching. 
D) analytical review. 
A) confirmation. 
B) reperformance. 
C) vouching. 
D) analytical review.

Question 19

What type of data does CAATS use to produce an auditing program?

Accepted Answer

A) Archived data. 
B) Backup data. 
C) Live data. 
D) A copy of live data. 
A) Archived data. 
B) Backup data. 
C) Live data. 
D) A copy of live data.

Question 20

Which of the following is an information systems audit review procedure?

Accepted Answer

A) Verify the extent and effectiveness of encryption. 
B) Inspect computer sites. 
C) Test assignment procedures for user IDs. 
D) Observe the preparation of backup files. 
A) Verify the extent and effectiveness of encryption. 
B) Inspect computer sites. 
C) Test assignment procedures for user IDs. 
D) Observe the preparation of backup files.

Exam 11: Auditing Computer-Based Information Systems

The ________ audit examines the reliability and integrity of accounting records.

Describe how audit evidence can be collected.

What is the purpose of an information systems audit?

Name and describe the different types of audits.

During the evidence evaluation stage of an operational audit,the auditor measures the system against generally accepted accounting principles (GAAP).

An auditor manually calculates accumulated depreciation on a delivery van and compares her calculation with the accounting records.The auditor is performing

There is an inverse relationship between control risk and detection risk.

An auditor sets an embedded audit module to flag questionable online transactions,display information about the transaction on the auditor's computer,and send a text message to the auditor's cell phone.The auditor is using

A(n)________ audit is concerned with the economical and efficient use of resources and the accomplishment of established goals and objectives.

An auditor calculates the current ratio of the company to determine its ability to pay off its current financial obligation.This is an example of

Describe the risk-based audit approach.

Organizing the audit team and the physical examination of assets are components of which two separate audit stages?

Marking transactions with a special code,recording them and their master file records before and after processing,and storing the data to later verify that all processing steps were properly executed is an example of

Assessing the quality of internal controls,the reliability of information,and operating performance are all part of

________ can determine whether the necessary control procedures are in place.

Auditing involves the

An audit software program that generates programs that perform certain audit functions,based on auditor specifications,is referred to as a(n)

An auditor finds that employee absentee rates are significantly higher on Mondays and Fridays than on other work days.This is an example collecting audit evidence by

What type of data does CAATS use to produce an auditing program?

Which of the following is an information systems audit review procedure?

Conceptual Foundations of Accounting Information Systems

Overview of Transaction Processing and Enterprise Resource Planning Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Production Cycle

The Human Resources Management and Payroll Cycle

General Ledger and Reporting System

Database Design Using the Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development and Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters