Exam 15: Auditing of Accounting Information Systems

The ASXs corporate governance principles suggest that the audit committee should:

When testing using test data,the auditor should:

The process of the auditor forming an opinion and reporting on whether or not the accounts have been prepared in accordance with generally accepted accounting principles is technically termed as:

Guidelines in ASA 610 relate to:

Auditors need to be imaginative to identify all possible paths through the AIS.Which of the following sets of test data do they use?

To test that the system will provide an appropriate response to every invalid input:

An accounting information systems may face:

The type of audit that examines the system of internal controls and whether they work is known as:

The risk of material misstatement,without regard to the effects of controls,is:

Which of the following statements regarding an audit committee is true?

If a firm failed to disclose billions of dollars in short term debt in its annual financial report that has been distributed to shareholders,who should be found guilty? (i)Directors of the board.(ii)Internal auditor.(iii)External auditor.

Which of the following statements regarding the internal audit function is not true?

The objectives of the internal audit function do not vary according to:

__________ to determine the appropriate level of audit evidence required to form an opinion when Australian auditing standards direct the auditors work.

What are the five phases of an AIS audit?

The auditor performing an attest service is:

The auditor performing an attest service is:

Which of the following statements regarding internal auditing is not true?

Good corporate governance requires effective management oversight.What does this oversight include?

Standards Australia has a risk management standard: