Question 1

Purchasing goods over the Internet would fit into which of the following categories of processing?

Accepted Answer

A) Batch 
B) online real-time 
C) online data collection batched for later processing 
D) Shopping basket 
A) Batch 
B) online real-time 
C) online data collection batched for later processing 
D) Shopping basket C

Question 2

In general,disaster recovery plans include all of the following except:

Accepted Answer

A) Temporary sites 
B) Staffing 
C) Employee evacuation procedures 
D) Business relationships restoration 
A) Temporary sites 
B) Staffing 
C) Employee evacuation procedures 
D) Business relationships restoration C

Question 3

An example of an output control in a payroll system may be that:

Accepted Answer

A) Only the HR manager can change an employee's rate of pay. 
B) Only an employee with a valid employee number and password can request a summary of wages received over the past month. 
C) Only the payroll clerk can enter payroll details each month. 
D) Only the payroll clerk can process payments made to employees. 
A) Only the HR manager can change an employee's rate of pay. 
B) Only an employee with a valid employee number and password can request a summary of wages received over the past month. 
C) Only the payroll clerk can enter payroll details each month. 
D) Only the payroll clerk can process payments made to employees. B

Question 4

In terms of disaster recovery,organisations' reaction to the threat of disaster can be:

Accepted Answer

A) detective or preventive 
B) preventive or corrective 
C) detective or corrective 
D) preventive,detective and corrective. 
A) detective or preventive 
B) preventive or corrective 
C) detective or corrective 
D) preventive,detective and corrective.

Question 5

To minimise the possible negative impact brought about by unexpected transactions,an organisation should:

Accepted Answer

A) Ask designers of a control system to predict every possible outcome and every future event. 
B) Place a strong emphasis on ethical and responsible behaviour. 
C) Ask external auditors to audit their internal control system. 
D) Refuse carrying out unexpected transactions. 
A) Ask designers of a control system to predict every possible outcome and every future event. 
B) Place a strong emphasis on ethical and responsible behaviour. 
C) Ask external auditors to audit their internal control system. 
D) Refuse carrying out unexpected transactions.

Question 6

Which of the following would enable an organisation to detect that an unauthorised person has entered a secure area?

Accepted Answer

A) Swipe card access 
B) Physical lock of the door 
C) Security camera 
D) Biometric access control 
A) Swipe card access 
B) Physical lock of the door 
C) Security camera 
D) Biometric access control

Question 7

Segregation of duties is a principle that applies to which sections of an organisation?

Accepted Answer

A) throughout the organisation including office staff,accountants and IT workers 
B) accountants 
C) office staff who have to deal with money matters 
D) programmers and computer support staff who could interfere with the accounting information system 
A) throughout the organisation including office staff,accountants and IT workers 
B) accountants 
C) office staff who have to deal with money matters 
D) programmers and computer support staff who could interfere with the accounting information system

Question 8

A reasonableness check that is used when processing fortnightly employee wage payments would best be used to:

Accepted Answer

A) avoid the entry of false employee names 
B) detect any employees who have their payments entered twice 
C) detect any potentially incorrect employee numbers 
D) detect potentially high values for hours worked 
A) avoid the entry of false employee names 
B) detect any employees who have their payments entered twice 
C) detect any potentially incorrect employee numbers 
D) detect potentially high values for hours worked

Question 9

A "hot site" is:

Accepted Answer

A) A separate facility located close to the organisation's usual premises but does not contain offices and the necessary equipment. 
B) A separate facility located away from the organisation's usual premises but does not contain offices and the necessary equipment. 
C) A separate facility located close to the organisation's usual premises and contains offices and the necessary equipment to get the business back up and running in the minimal amount of time after a disaster occurs. 
D) A separate facility located away from the organisation's usual premises and contains offices and the necessary equipment to get the business back up and running in the minimal amount of time after a disaster occurs. 
A) A separate facility located close to the organisation's usual premises but does not contain offices and the necessary equipment. 
B) A separate facility located away from the organisation's usual premises but does not contain offices and the necessary equipment. 
C) A separate facility located close to the organisation's usual premises and contains offices and the necessary equipment to get the business back up and running in the minimal amount of time after a disaster occurs. 
D) A separate facility located away from the organisation's usual premises and contains offices and the necessary equipment to get the business back up and running in the minimal amount of time after a disaster occurs.

Question 10

Checking customer details before finalising a sales order is an example of a ________ control.

Accepted Answer

A) input 
B) general 
C) processing 
D) performance 
A) input 
B) general 
C) processing 
D) performance

Question 11

Disadvantages of manual controls include all of the following except:

Accepted Answer

A) Manual controls are prone to human errors. 
B) Manual controls are prone to inconsistent application. 
C) Manual controls used up too many human resources. 
D) Manual controls are easier to avoid and work around. 
A) Manual controls are prone to human errors. 
B) Manual controls are prone to inconsistent application. 
C) Manual controls used up too many human resources. 
D) Manual controls are easier to avoid and work around.

Question 12

CPA Australia identifies five reasons an internal control system does not provide 100 per cent assurance that an organisation's objectives will be achieved.These reasons do NOT include:

Accepted Answer

A) Judgement error 
B) Unexpected transactions 
C) Weak internal controls 
D) Natural disasters 
A) Judgement error 
B) Unexpected transactions 
C) Weak internal controls 
D) Natural disasters

Question 13

Which of the following is NOT a form of physical control?

Accepted Answer

A) Servers are placed in a locked room. 
B) A username and a password are needed to log into a computer. 
C) Security cameras are put in place. 
D) A swipe card system for controlling access to computer labs. 
A) Servers are placed in a locked room. 
B) A username and a password are needed to log into a computer. 
C) Security cameras are put in place. 
D) A swipe card system for controlling access to computer labs.

Question 14

A company wants all sales orders over $1000 to be authorised by the sales manager.Are the procedures covering this an example of computer or human controls?

Accepted Answer

A) human 
B) computer 
C) human followed by computer 
D) computer followed by human 
A) human 
B) computer 
C) human followed by computer 
D) computer followed by human

Question 15

An antivirus program scans and monitors files in a computer continuously for viruses.This is an example of:

Accepted Answer

A) Preventive control 
B) Detective control 
C) Corrective control 
D) Application control 
A) Preventive control 
B) Detective control 
C) Corrective control 
D) Application control

Question 16

What are the two types of temporary sites? What are the differences between the two?

Accepted Answer

In general there are two types of tempor

Question 17

Which of the following is NOT a major aim of a computerised accounting information system?

Accepted Answer

A) Proper authorisation. 
B) Timeliness. 
C) Proper recording. 
D) User friendly. 
A) Proper authorisation. 
B) Timeliness. 
C) Proper recording. 
D) User friendly.

Question 18

What are the advantages and disadvantages of manual controls?

Accepted Answer

Manual controls,by definition,are perfor

Question 19

Why unexpected transactions can contribute the ineffectiveness of an internal control system? How can an organisation minimise the impact brought about by unexpected transactions?

Accepted Answer

Control systems are usually designed aro

Question 20

The comparison of actual and budgeted figures and the conduct of variance analysis to determine the source of the variance is a type of:

Accepted Answer

A) General control 
B) Information processing control 
C) Performance review 
D) Application control 
A) General control 
B) Information processing control 
C) Performance review 
D) Application control

Purchasing goods over the Internet would fit into which of the following categories of processing?

In general,disaster recovery plans include all of the following except:

An example of an output control in a payroll system may be that:

In terms of disaster recovery,organisations' reaction to the threat of disaster can be:

To minimise the possible negative impact brought about by unexpected transactions,an organisation should:

Which of the following would enable an organisation to detect that an unauthorised person has entered a secure area?

Segregation of duties is a principle that applies to which sections of an organisation?

A reasonableness check that is used when processing fortnightly employee wage payments would best be used to:

A "hot site" is:

Checking customer details before finalising a sales order is an example of a ________ control.

Disadvantages of manual controls include all of the following except:

CPA Australia identifies five reasons an internal control system does not provide 100 per cent assurance that an organisation's objectives will be achieved.These reasons do NOT include:

Which of the following is NOT a form of physical control?

A company wants all sales orders over $1000 to be authorised by the sales manager.Are the procedures covering this an example of computer or human controls?

An antivirus program scans and monitors files in a computer continuously for viruses.This is an example of:

What are the two types of temporary sites? What are the differences between the two?

Which of the following is NOT a major aim of a computerised accounting information system?

What are the advantages and disadvantages of manual controls?

Why unexpected transactions can contribute the ineffectiveness of an internal control system? How can an organisation minimise the impact brought about by unexpected transactions?

The comparison of actual and budgeted figures and the conduct of variance analysis to determine the source of the variance is a type of:

Systems Fundamentals

Systems Characteristics and Considerations

Database Concepts I

Database Concepts II

XBRL Reporting

System Mapping and Documentation

Internal Controls I

Transaction Cycle The Revenue Cycle

Transaction Cycle The Expenditure Cycle

Transaction Cycle The Production Cycle

Transaction Cycle The HR Management and Payroll Cycle

Transaction Cycle The General Ledger and Financial Reporting Cycle

Systems Development

Auditing of Accounting Information Systems

Ethics, fraud and Computer Crime

Filters

Exam 8: Internal Controls II

Purchasing goods over the Internet would fit into which of the following categories of processing?

In general,disaster recovery plans include all of the following except:

An example of an output control in a payroll system may be that:

In terms of disaster recovery,organisations' reaction to the threat of disaster can be:

To minimise the possible negative impact brought about by unexpected transactions,an organisation should:

Which of the following would enable an organisation to detect that an unauthorised person has entered a secure area?

Segregation of duties is a principle that applies to which sections of an organisation?

A reasonableness check that is used when processing fortnightly employee wage payments would best be used to:

A "hot site" is:

Checking customer details before finalising a sales order is an example of a ________ control.

Disadvantages of manual controls include all of the following except:

CPA Australia identifies five reasons an internal control system does not provide 100 per cent assurance that an organisation's objectives will be achieved.These reasons do NOT include:

Which of the following is NOT a form of physical control?

A company wants all sales orders over $1000 to be authorised by the sales manager.Are the procedures covering this an example of computer or human controls?

An antivirus program scans and monitors files in a computer continuously for viruses.This is an example of:

What are the two types of temporary sites? What are the differences between the two?

Which of the following is NOT a major aim of a computerised accounting information system?

What are the advantages and disadvantages of manual controls?

Why unexpected transactions can contribute the ineffectiveness of an internal control system? How can an organisation minimise the impact brought about by unexpected transactions?

The comparison of actual and budgeted figures and the conduct of variance analysis to determine the source of the variance is a type of:

Systems Fundamentals

Systems Characteristics and Considerations

Database Concepts I

Database Concepts II

XBRL Reporting

System Mapping and Documentation

Internal Controls I

Transaction Cycle The Revenue Cycle

Transaction Cycle The Expenditure Cycle

Transaction Cycle The Production Cycle

Transaction Cycle The HR Management and Payroll Cycle

Transaction Cycle The General Ledger and Financial Reporting Cycle

Systems Development

Auditing of Accounting Information Systems

Ethics, fraud and Computer Crime

Filters