Question 1

Specific components of the control environment to be aware of,as mentioned in ASA 315,do not include:

Accepted Answer

A) The communication and policing of ethical behaviour in the organisation. 
B) Commitment to competence. 
C) Risk assessment. 
D) Management philosophy and operating style. 
A) The communication and policing of ethical behaviour in the organisation. 
B) Commitment to competence. 
C) Risk assessment. 
D) Management philosophy and operating style. C

Question 2

Who is responsible for setting the tone in which control policies within an organisation will function?

Accepted Answer

A) Internal auditors 
B) External auditors 
C) Top management 
D) Shareholder committees 
A) Internal auditors 
B) External auditors 
C) Top management 
D) Shareholder committees C

Question 3

What part of an organisation determines the corporate governance?

Accepted Answer

A) shareholders 
B) board of directors 
C) employees 
D) Government 
A) shareholders 
B) board of directors 
C) employees 
D) Government B

Question 4

To which of the following risks are organisations that depend on the Internet for trading through e-commerce particularly vulnerable.

Accepted Answer

A) risk of network disruption 
B) risk of key suppliers moving to other organisations 
C) risk of new competitors taking market position 
D) risk of unauthorised access to online systems 
A) risk of network disruption 
B) risk of key suppliers moving to other organisations 
C) risk of new competitors taking market position 
D) risk of unauthorised access to online systems

Question 5

Which of the following is a concern of the acquire and implement stage in the COBIT framework?
(i)How various IT solutions are to be acquired by the organisation and how well they map to existing organisational processes.
(ii)The selection and implementation processes that will provide complete assurance that any adopted system will work as intended once implemented and will communicate with existing systems.
(iii)The selection and implementation processes that will provide complete assurance that any adopted system can be put in place on time.
(iv)The selection and implementation processes that will provide complete assurance that any adopted system will meet the business needs.

Accepted Answer

A) (i)only 
B) (ii)(iv)only 
C) (ii)(iii)(iv) 
D) (i)(ii)(iii)(iv) 
A) (i)only 
B) (ii)(iv)only 
C) (ii)(iii)(iv) 
D) (i)(ii)(iii)(iv)

Question 6

The "plan and organise" stage of the COBIT framework includes:

Accepted Answer

A) strategies for acquiring and implementing IT solutions 
B) evaluating how the system operates within the organisation 
C) reviewing how well IT systems match the needs of the organisation 
D) deciding which communication standards will be used. 
A) strategies for acquiring and implementing IT solutions 
B) evaluating how the system operates within the organisation 
C) reviewing how well IT systems match the needs of the organisation 
D) deciding which communication standards will be used.

Question 7

Identify and briefly explain the major IT stages in the COBIT framework.

Accepted Answer

Plan and organise.This first stage addre

Question 8

List and briefly discuss at least four specific components of the control environment to be aware of,as mentioned in ASA 315.

Accepted Answer

The communication and policing of ethica

Question 9

The basis that the firm's information system rests upon is called:

Accepted Answer

A) IT structure 
B) IT architecture 
C) IT infrastructure 
D) IT foundation 
A) IT structure 
B) IT architecture 
C) IT infrastructure 
D) IT foundation

Question 10

Organisational decisions about IT infrastructure does NOT necessarily include:

Accepted Answer

A) what type of processing is required 
B) the location of the processing 
C) the upgradability of the processing 
D) the integration of processing 
A) what type of processing is required 
B) the location of the processing 
C) the upgradability of the processing 
D) the integration of processing

Question 11

ERM stands for:

Accepted Answer

A) Enterprise Resource Management 
B) Enterprise Risk Management 
C) Enterprise Resource Model 
D) Enterprise Risk Model 
A) Enterprise Resource Management 
B) Enterprise Risk Management 
C) Enterprise Resource Model 
D) Enterprise Risk Model

Question 12

In terms of IT governance,what are the five specific areas within the objectives of IT governance that need to be considered by those with the responsibility of managing IT? Explain in details.

Accepted Answer

Adding value - ensuring that the IT with

Question 13

What are the eight principles for corporate governance outlined by the ASX Corporate Governance Council?

Accepted Answer

Lay solid foundations for management and

Question 14

The current eight principles for corporate governance outlined by the ASX Corporate Governance Council do not include:

Accepted Answer

A) Lay solid foundations for management and oversight. 
B) Structure the board to add value. 
C) Promote ethical and responsible decision making. 
D) Respect the rights of customers. 
A) Lay solid foundations for management and oversight. 
B) Structure the board to add value. 
C) Promote ethical and responsible decision making. 
D) Respect the rights of customers.

Question 15

In corporate governance principles,remunerate fairly and responsibly means:

Accepted Answer

A) All board members should be paid the same amount of remuneration. 
B) All employees of an organisation should be paid fairly. 
C) The organisation should be able to demonstrate a clear link between company performance and executive remuneration. 
D) The organisation should be able to demonstrate a clear link between employee performance and employee remuneration. 
A) All board members should be paid the same amount of remuneration. 
B) All employees of an organisation should be paid fairly. 
C) The organisation should be able to demonstrate a clear link between company performance and executive remuneration. 
D) The organisation should be able to demonstrate a clear link between employee performance and employee remuneration.

Question 16

List and discuss four typical advantages of cloud computing.

Accepted Answer

a.Access to the services is based on a m

Question 17

Which of the following is not part of the four main objectives of IT governance?

Accepted Answer

A) Ensuring the organisation has appropriate management strategies and techniques in place for dealing with IT related risks. 
B) Ensuring that the IT being used or adopted within an organisation is consistent with the organisation's goals and meets expectations. 
C) Ensuring the organisation's IT resource are used responsibly. 
D) Using IT to make the most of future business opportunities and benefits. 
A) Ensuring the organisation has appropriate management strategies and techniques in place for dealing with IT related risks. 
B) Ensuring that the IT being used or adopted within an organisation is consistent with the organisation's goals and meets expectations. 
C) Ensuring the organisation's IT resource are used responsibly. 
D) Using IT to make the most of future business opportunities and benefits.

Question 18

Control environment is

Accepted Answer

A) The attitude,emphasis and awareness of an organisation's management towards internal control and its operation within the organisation. 
B) The attitude,emphasis and awareness of the government towards internal control and operations within organisations. 
C) The attitude,emphasis and awareness of the legislative entities towards internal control and operations within organisations. 
D) The attitude,emphasis and awareness of the society towards internal control and operations within organisations. 
A) The attitude,emphasis and awareness of an organisation's management towards internal control and its operation within the organisation. 
B) The attitude,emphasis and awareness of the government towards internal control and operations within organisations. 
C) The attitude,emphasis and awareness of the legislative entities towards internal control and operations within organisations. 
D) The attitude,emphasis and awareness of the society towards internal control and operations within organisations.

Question 19

The external audit will provide reasonable assurance that:

Accepted Answer

A) transactions that occurred have been carried out efficiently and effectively 
B) assets and liabilities in the financial statements exist and transactions reported actually occurred 
C) assets listed are owned by the organisation and liabilities owed are repaid 
D) amounts on the financial statements have been calculated in accordance with company policies 
A) transactions that occurred have been carried out efficiently and effectively 
B) assets and liabilities in the financial statements exist and transactions reported actually occurred 
C) assets listed are owned by the organisation and liabilities owed are repaid 
D) amounts on the financial statements have been calculated in accordance with company policies

Question 20

Which of the following is NOT one of the principles identified in the IT governance standard released by Standards Australia that encapsulate the domain of IT governance?

Accepted Answer

A) Ensure ICT performs well,with performance including the satisfaction of business needs,responding to changing business needs and being a reliable support for organisational activities whenever required. 
B) Ensure ICT conforms with any external obligations as well as any internal policies that may exist in the organisation. 
C) Put in place well understood responsibilities for ICT throughout the organisation and the greater society. 
D) Ensure ICT use respects human factors,particularly the meeting of the needs of the different system stakeholders. 
A) Ensure ICT performs well,with performance including the satisfaction of business needs,responding to changing business needs and being a reliable support for organisational activities whenever required. 
B) Ensure ICT conforms with any external obligations as well as any internal policies that may exist in the organisation. 
C) Put in place well understood responsibilities for ICT throughout the organisation and the greater society. 
D) Ensure ICT use respects human factors,particularly the meeting of the needs of the different system stakeholders.

Specific components of the control environment to be aware of,as mentioned in ASA 315,do not include:

Who is responsible for setting the tone in which control policies within an organisation will function?

What part of an organisation determines the corporate governance?

To which of the following risks are organisations that depend on the Internet for trading through e-commerce particularly vulnerable.

The "plan and organise" stage of the COBIT framework includes:

Identify and briefly explain the major IT stages in the COBIT framework.

List and briefly discuss at least four specific components of the control environment to be aware of,as mentioned in ASA 315.

The basis that the firm's information system rests upon is called:

Organisational decisions about IT infrastructure does NOT necessarily include:

ERM stands for:

In terms of IT governance,what are the five specific areas within the objectives of IT governance that need to be considered by those with the responsibility of managing IT? Explain in details.

What are the eight principles for corporate governance outlined by the ASX Corporate Governance Council?

The current eight principles for corporate governance outlined by the ASX Corporate Governance Council do not include:

In corporate governance principles,remunerate fairly and responsibly means:

List and discuss four typical advantages of cloud computing.

Which of the following is not part of the four main objectives of IT governance?

Control environment is

The external audit will provide reasonable assurance that:

Which of the following is NOT one of the principles identified in the IT governance standard released by Standards Australia that encapsulate the domain of IT governance?

Systems Fundamentals

Systems Characteristics and Considerations

Database Concepts I

Database Concepts II

XBRL Reporting

System Mapping and Documentation

Internal Controls II

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 7: Internal Controls I

Specific components of the control environment to be aware of,as mentioned in ASA 315,do not include:

Who is responsible for setting the tone in which control policies within an organisation will function?

What part of an organisation determines the corporate governance?

To which of the following risks are organisations that depend on the Internet for trading through e-commerce particularly vulnerable.

The "plan and organise" stage of the COBIT framework includes:

Identify and briefly explain the major IT stages in the COBIT framework.

List and briefly discuss at least four specific components of the control environment to be aware of,as mentioned in ASA 315.

The basis that the firm's information system rests upon is called:

Organisational decisions about IT infrastructure does NOT necessarily include:

ERM stands for:

In terms of IT governance,what are the five specific areas within the objectives of IT governance that need to be considered by those with the responsibility of managing IT? Explain in details.

What are the eight principles for corporate governance outlined by the ASX Corporate Governance Council?

The current eight principles for corporate governance outlined by the ASX Corporate Governance Council do not include:

In corporate governance principles,remunerate fairly and responsibly means:

List and discuss four typical advantages of cloud computing.

Which of the following is not part of the four main objectives of IT governance?

Control environment is

The external audit will provide reasonable assurance that:

Which of the following is NOT one of the principles identified in the IT governance standard released by Standards Australia that encapsulate the domain of IT governance?

Systems Fundamentals

Systems Characteristics and Considerations

Database Concepts I

Database Concepts II

XBRL Reporting

System Mapping and Documentation

Internal Controls II

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