Exam 15: Auditing of Accounting Information Systems

ASA 700 Forming an Opinion and Reporting on a Financial Report does not outline the auditor's responsibilities of:

In Australia and New Zealand,ASX guidelines encourage the appointment and evaluation of performance of external auditors to be carried out by:

The risk that an error that could occur in an audit area and could be material,individually or in combination with other errors,will not be prevented or detected and corrected on a timely basis by the internal control system is:

The control risk associated with manual reviews of computer logs is:

Which of the following statements regarding computer auditing tools and techniques is true?

Why the auditing of systems under development is favourable?

Sarbanes-Oxley Act (SOX)has legal force on which of the following?

What are the five general infrastructure controls of a system that need to be evaluated during an audit?

The objective of financial audit is to:

What are the main responsibilities of an audit committee?

Non-compliance with Accounting Concepts and Standards is:

Failing to detect a fraudulent or erroneous transaction is an example of which type of risk?

The relationship between internal auditing function and the organisation's external auditors can be described as:

A firm can only provide reasonable assurance that:

The purpose of an audit is to:

Briefly explain the three types of risk associated with a risk-based approach to AIS audit.

The examination of financial reports to form a view independently from the organisation as to the reliability of the information provided in the reports is referred to as:

Can best practices be used during auditing? If so,how?

The risk of material misstatement resulting from the internal controls in place failing to detect a fraudulent or erroneous transaction is:

Which of the following is not a responsibility of the Board,Audit Committee and Management?