Exam 8: Internal Controls II

In terms of proper recording of transactions,accuracy is concerned with making sure that: (i)all data that enter the system are in the correct format (ii)all data that enter the system are of the right type (iii)all data are stored in a secured place to prevent unauthorised manipulation (iv)the data gathered accurately reflect the reality of the underlying transaction or event.

(Multiple Choice)

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Question 41

A purchase order is entered into a computer purchasing system.The purchase is for $25 000 and has been entered by the purchase clerk.Company policy dictates that purchases over $2000 must be entered by the purchasing manager.This is an example of a breach of controls relating to:

(Multiple Choice)

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Question 42

Which of the following is the strongest password?

(Multiple Choice)

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Question 43

Which of the following statements concerning passwords is true?

(Multiple Choice)

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Question 44

The pre-numbering of cheques helps to achieve completeness because it:

(Multiple Choice)

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Question 45

Briefly describe and compare input control,processing control,and output control.

(Essay)

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Question 46

Which of the follow is also considered threats to internal controls?

(Multiple Choice)

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Question 47

Control of access to the server for the company database is an example of which type of control?

(Multiple Choice)

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Question 48

Authorisation in a computerised information system can be established through: (i)user privileges (ii)user access rights (iii)restrictions on what different users are able to do within the system.

(Multiple Choice)

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Question 49

Which of the following is an example of good segregation of duties?

(Multiple Choice)

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Question 50

The first that financial giant Morgan Stanley knew about the 9/11 bombings were that their business started running from their ________________ several kilometres away from Wall St.

(Multiple Choice)

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Question 51

Information processing controls are those that are put in place within the organisation to work towards the _______ of transactions.

(Multiple Choice)

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Question 52

Internal controls are necessary in all businesses because …

(Multiple Choice)

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Question 53

Which of the following is a risk to the financial statement of a company when it places a purchase order with a supplier?

(Multiple Choice)

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Question 54

Advantages of computer-based controls include all of the following except:

(Multiple Choice)

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Question 55

A computer virus is found in a file in the computer system.Because a solution for recovering the file is not yet available,the infected file is quarantine by the antivirus software.Quarantining the infected file is an example of:

(Multiple Choice)

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Question 56

Which of the following is not a type of controls classified in the Australian Auditing Standard ASA 315?

(Multiple Choice)

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Question 57

What are the advantages and disadvantages of computer-based controls?

(Essay)

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Question 58

What should happen if a valid username is supplied but the password is incorrect?

(Multiple Choice)

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Question 59

Showing 41 - 59 of 59

A purchase order is entered into a computer purchasing system.The purchase is for $25 000 and has been entered by the purchase clerk.Company policy dictates that purchases over $2000 must be entered by the purchasing manager.This is an example of a breach of controls relating to:

Which of the following is the strongest password?

Which of the following statements concerning passwords is true?

The pre-numbering of cheques helps to achieve completeness because it:

Briefly describe and compare input control,processing control,and output control.

Which of the follow is also considered threats to internal controls?

Control of access to the server for the company database is an example of which type of control?

Authorisation in a computerised information system can be established through: (i)user privileges (ii)user access rights (iii)restrictions on what different users are able to do within the system.

Which of the following is an example of good segregation of duties?

The first that financial giant Morgan Stanley knew about the 9/11 bombings were that their business started running from their ________________ several kilometres away from Wall St.

Information processing controls are those that are put in place within the organisation to work towards the _______ of transactions.

Internal controls are necessary in all businesses because …

Which of the following is a risk to the financial statement of a company when it places a purchase order with a supplier?

Advantages of computer-based controls include all of the following except:

A computer virus is found in a file in the computer system.Because a solution for recovering the file is not yet available,the infected file is quarantine by the antivirus software.Quarantining the infected file is an example of:

Which of the following is not a type of controls classified in the Australian Auditing Standard ASA 315?

What are the advantages and disadvantages of computer-based controls?

What should happen if a valid username is supplied but the password is incorrect?

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

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