Question 1

An audit of an organization's computer service center is normally undertaken before any information system application audit.

Accepted Answer

A) True 
 B)False  True

Question 2

Below are listed four procedures typically performed during an audit of accounts payable:
Audit procedures:
a.Test the mathematical accuracy of the accounts payable subsidiary ledger.
b.Select samples of vouchers to examine in detail.
c.Determine whether cash discounts were properly applied.
d.Stratify accounts by value.
Required: Briefly state a generalized audit software technique that could be used to perform each procedure,assuming that the accounts payable application is computerized.

Accepted Answer

a.Use GAS to independently verify extensions and footing of the ledger.
b.Use GAS to select a random,stratified,or other sample of vouchers or voucher numbers (depending on how extensively the records are computerized).
c.Use GAS logic functions to determine when the company was eligible to take cash discounts; use GAS mathematical functions to recalculate discounts and net payables.
d.Use GAS logic functions to determine which accounts fall within the desired value ranges.

Question 3

Because resources are usually limited,not all applications can be audited each year.What factors should an internal or external auditor consider when deciding which applications to audit?

Accepted Answer

When deciding which applications to audit, both internal and external auditors should consider several factors. These factors may include the level of risk associated with the application, the significance of the application to the organization's operations, the potential impact on financial reporting, and the regulatory requirements that apply to the application. Additionally, auditors should consider any recent changes or updates to the application, any historical issues or deficiencies, and the availability of resources and expertise to effectively audit the application. It is also important to consider the input from management and other stakeholders to ensure that the audit plan aligns with the organization's priorities and objectives. Ultimately, the goal is to prioritize audits based on the applications that pose the greatest risk and have the most significant impact on the organization.

Question 4

GAS has a long history of usage because public accounting firms developed it in the 1960s.

Accepted Answer

A) True 
 B)False

Question 5

Information technology is used to perform some audit work that otherwise would be done manually.The use of information technology by auditors is

Accepted Answer

A)  essential. 
B)  mandatory under AICPA Statements of Auditing Standards. 
C)  optional. 
D)  at the sole discretion of the manager in charge of the audit. 
A)  essential. 
B)  mandatory under AICPA Statements of Auditing Standards. 
C)  optional. 
D)  at the sole discretion of the manager in charge of the audit.

Question 6

CISA,CISM,and CGEIT are professional certifications in system security.

Accepted Answer

A) True 
 B)False

Question 7

Which two information system auditing technologies are very similar?

Accepted Answer

A)  Snapshot and extended records 
B)  ITF and ACL 
C)  Snapshot and ACL 
D)  Extended records and ITF 
A)  Snapshot and extended records 
B)  ITF and ACL 
C)  Snapshot and ACL 
D)  Extended records and ITF

Question 8

________ is for IS audit,control,assurance and/or security professionals.

Accepted Answer

A)  CISA 
B)  CISM 
C)  CGEIT 
D)  COBIT 
A)  CISA 
B)  CISM 
C)  CGEIT 
D)  COBIT

Question 9

________ is an open standard which provides "good practices" across a domain and process framework and presents activities in a manageable and logical structure.

Accepted Answer

The answer of ________ is an open standard which provides...

Question 10

The primary audit technique used in an information systems development audit is the review and testing of related ________.

Accepted Answer

The answer of The primary audit technique used in an...

Question 11

A comprehensive ________ ________ can be established by collecting,in an extended record,supplementary data concerning processing not normally collected.

Accepted Answer

The answer of A comprehensive ________ ________ can be established...

Question 12

Using information technology in auditing reduces the time spent on clerical tasks and may improve the overall morale and productivity of auditors.

Accepted Answer

A) True 
 B)False

Question 13

The phase of an information systems audit in which effort is placed on fact-finding in the areas selected for audit is the

Accepted Answer

A)  first phase. 
B)  second phase. 
C)  third phase. 
D)  fourth phase. 
A)  first phase. 
B)  second phase. 
C)  third phase. 
D)  fourth phase.

Question 14

Which of the following procedures uses only auditor-prepared test transactions?

Accepted Answer

A)  The test data approach 
B)  Integrated test facility 
C)  Parallel simulation 
D)  Embedded audit routines 
A)  The test data approach 
B)  Integrated test facility 
C)  Parallel simulation 
D)  Embedded audit routines

Question 15

Test data used in ITF are identified by special ________ and must be excluded from normal system outputs.

Accepted Answer

The answer of Test data used in ITF are identified...

Question 16

Match between columns
                        Premises:  Mapping
 Compliance testing
 Extended records
 Substantive testing
 Interim audit
 Snapshot
 Parallel simulation
 Audit software
 Desk checking
 Tracing

Accepted Answer

The Answer of Modification of programs to collect and store is...

Question 17

A clear and obvious benefit is obtained from the ________ analysis capability provided by information technology.

Accepted Answer

The answer of A clear and obvious benefit is obtained...

Question 18

When batch processing was the dominant method used in computerized data processing,the ________ approach provided an adequate audit.

Accepted Answer

The answer of When batch processing was the dominant method...

Question 19

ITF is the one universal auditing approach used in information system audits.

Accepted Answer

A) True 
 B)False

Question 20

An audit of the computer service center is undertaken before any application audits to ensure the ________ ________ of the environment in which the application will function.

Accepted Answer

The answer of An audit of the computer service center...

An audit of an organization's computer service center is normally undertaken before any information system application audit.

Because resources are usually limited,not all applications can be audited each year.What factors should an internal or external auditor consider when deciding which applications to audit?

GAS has a long history of usage because public accounting firms developed it in the 1960s.

Information technology is used to perform some audit work that otherwise would be done manually.The use of information technology by auditors is

CISA,CISM,and CGEIT are professional certifications in system security.

Which two information system auditing technologies are very similar?

________ is for IS audit,control,assurance and/or security professionals.

________ is an open standard which provides "good practices" across a domain and process framework and presents activities in a manageable and logical structure.

The primary audit technique used in an information systems development audit is the review and testing of related ________.

A comprehensive can be established by collecting,in an extended record,supplementary data concerning processing not normally collected.

Using information technology in auditing reduces the time spent on clerical tasks and may improve the overall morale and productivity of auditors.

The phase of an information systems audit in which effort is placed on fact-finding in the areas selected for audit is the

Which of the following procedures uses only auditor-prepared test transactions?

Test data used in ITF are identified by special ________ and must be excluded from normal system outputs.

A clear and obvious benefit is obtained from the ________ analysis capability provided by information technology.

When batch processing was the dominant method used in computerized data processing,the ________ approach provided an adequate audit.

ITF is the one universal auditing approach used in information system audits.

An audit of the computer service center is undertaken before any application audits to ensure the of the environment in which the application will function.

Accounting Information Systems: An Overview

Systems Techniques and Documentation

Ebusiness and Ecommerce

Transaction Processing and the Internal Control Process

Fraud Examination and Fraud Management

Information Systems Security

Electronic Data Processing Systems

Revenue Cycle Processes

Procurement and Human Resources Business Processes

The Production Business Process

Systems Planning, analysis, and Design

Systems Project Management, implementation, operation, control

Data Management Concepts

Filters

Exam 14: Auditing Information Technology

An audit of an organization's computer service center is normally undertaken before any information system application audit.

Because resources are usually limited,not all applications can be audited each year.What factors should an internal or external auditor consider when deciding which applications to audit?

GAS has a long history of usage because public accounting firms developed it in the 1960s.

Information technology is used to perform some audit work that otherwise would be done manually.The use of information technology by auditors is

CISA,CISM,and CGEIT are professional certifications in system security.

Which two information system auditing technologies are very similar?

________ is for IS audit,control,assurance and/or security professionals.

________ is an open standard which provides "good practices" across a domain and process framework and presents activities in a manageable and logical structure.

The primary audit technique used in an information systems development audit is the review and testing of related ________.

A comprehensive ________ ________ can be established by collecting,in an extended record,supplementary data concerning processing not normally collected.

Using information technology in auditing reduces the time spent on clerical tasks and may improve the overall morale and productivity of auditors.

The phase of an information systems audit in which effort is placed on fact-finding in the areas selected for audit is the

Which of the following procedures uses only auditor-prepared test transactions?

Test data used in ITF are identified by special ________ and must be excluded from normal system outputs.

A clear and obvious benefit is obtained from the ________ analysis capability provided by information technology.

When batch processing was the dominant method used in computerized data processing,the ________ approach provided an adequate audit.

ITF is the one universal auditing approach used in information system audits.

An audit of the computer service center is undertaken before any application audits to ensure the ________ ________ of the environment in which the application will function.

Accounting Information Systems: An Overview

Systems Techniques and Documentation

Ebusiness and Ecommerce

Transaction Processing and the Internal Control Process

Fraud Examination and Fraud Management

Information Systems Security

Electronic Data Processing Systems

Revenue Cycle Processes

Procurement and Human Resources Business Processes

The Production Business Process

Systems Planning, analysis, and Design

Systems Project Management, implementation, operation, control

Data Management Concepts

Filters

A comprehensive can be established by collecting,in an extended record,supplementary data concerning processing not normally collected.

An audit of the computer service center is undertaken before any application audits to ensure the of the environment in which the application will function.