Exam 11: Auditing Computer-Based Information Systems

Andile Uzoma is the CEO of Chibuzo Incorporated.The board of directors has recently demanded that they receive more assurance that Chibuzo Incorporated is operating in an efficient,effective manner.Which type of audit would best suit the demands of the board of directors?

________ can determine whether the necessary control procedures are in place.

One of the advantages of CAATS software is that it can replace the auditor's judgment in specific areas of an audit.

An auditor sets an embedded audit module to flag all credit transactions in excess of $5,000.The flag causes the system state to be recorded before and after each transaction is processed.The auditor is using

Control risk is defined as the

Software that identifies unexecuted program code is called

An auditor finds that employee absentee rates are significantly higher on Mondays and Fridays than on other work days.This is an example collecting audit evidence by

An auditor might use ________ to convert data from several sources into a single common format.

Which of the following is an information systems audit review procedure?

The ________ procedure for auditing computer process controls uses a hypothetical series of valid and invalid transactions.

When doing an information systems audit,auditors must review and evaluate the program development process.What errors or fraud could occur during the program development process?

Audit tests and procedures traditionally have been performed on a sample basis.Do options exist for auditors to test significantly more (or all)transactions?

Explain why the auditor's role in program development and acquisition should be limited.

Inserting a dummy entity in a company's system; processing test transactions to update that will not affect actual records is an example of

An auditor sets an embedded audit module to flag questionable online transactions,display information about the transaction on the auditor's computer,and send a text message to the auditor's cell phone.The auditor is using

Auditors have the ability to change inherent risk.

Describe the disadvantages of test data processing.

The ________ audit is concerned with the economical and efficient use of resources and the accomplishment of established goals and objectives.

The scope of a(n)________ audit encompasses all aspects of systems management.

An auditor sets an embedded audit module to selectively monitor transactions.Selected transactions are then reprocessed independently,and the results are compared with those obtained by the normal system processing.The auditor is using