Question 1

Briefly describe the three phases of an information systems audit.

Accepted Answer

The three phases of an information syste

Question 2

The verification of controls in a computer system is known as auditing

Accepted Answer

A)  around-the-computer. 
B)  through the computer. 
C)  with the computer. 
D)  without the computer. 
A)  around-the-computer. 
B)  through the computer. 
C)  with the computer. 
D)  without the computer.

Question 3

Probably the oldest (and still widely used)information systems auditing technique is

Accepted Answer

A)  test data. 
B)  review of systems documentation. 
C)  generalized audit software. 
D)  ACL. 
A)  test data. 
B)  review of systems documentation. 
C)  generalized audit software. 
D)  ACL.

Question 4

An advantage of generalized audit software is that

Accepted Answer

A)  it can select a sample of accounts receivable for confirmation and help the auditor prepare confirmation requests. 
B)  the auditor avoids having to review systems documentation. 
C)  it eliminates the need for any coding by the auditor. 
D)  the client's staff can use it to perform audit-related tasks. 
A)  it can select a sample of accounts receivable for confirmation and help the auditor prepare confirmation requests. 
B)  the auditor avoids having to review systems documentation. 
C)  it eliminates the need for any coding by the auditor. 
D)  the client's staff can use it to perform audit-related tasks.

Question 5

The phase of an information systems audit in which an audit program is created 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 6

All embedded audit routine techniques require a(n)________ level of technical expertise to set up,and at least a(n)________ level of knowledge to use them effectively.

Accepted Answer

moderate;

Question 7

Why are most audits now performed by auditing through and with the computer?

Accepted Answer

Most audits are now performed by auditin

Question 8

Using an integrated-test-facility approach,________ testing is appropriate to ________,real-time processing technology.

Accepted Answer

concurrent

Question 9

The degree of independence that auditors can maintain while developing embedded audit routines will depend largely on the level of technical expertise that they possess.

Accepted Answer

A) True 
 B)False

Question 10

RBA provides assurances relating to the effectiveness of an organization's ________ ________ ________ processes.

Accepted Answer

enterprise

Question 11

An IT governance framework such as ________ can be a critical element in ensuring proper control and governance over information and the systems that create,store,manipulate,and retrieve that information.

Accepted Answer

A)  CISA 
B)  SOA 
C)  COBIT 
D)  RBA 
A)  CISA 
B)  SOA 
C)  COBIT 
D)  RBA

Question 12

IT governance has the objective of enhancing and ensuring the efficient application of IT resources as a critical success factor.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following statements is an advantage to using the test data technique in information systems auditing?

Accepted Answer

A)  The test can be run only on a specific program at a specific point in time. 
B)  The test must be announced. 
C)  Test data is limited to certain combinations of processing conditions. 
D)  The technique is used for testing programs in which calculations such as interest or depreciation are involved. 
A)  The test can be run only on a specific program at a specific point in time. 
B)  The test must be announced. 
C)  Test data is limited to certain combinations of processing conditions. 
D)  The technique is used for testing programs in which calculations such as interest or depreciation are involved.

Question 14

An external auditor conducts an information systems audit using the professional standards promulgated by the

Accepted Answer

A)  Institute of Internal Auditors. 
B)  American Institute of Certified Public Accountants. 
C)  Institute of Management Accountants. 
D)  Information Systems Audit and Control Association. 
A)  Institute of Internal Auditors. 
B)  American Institute of Certified Public Accountants. 
C)  Institute of Management Accountants. 
D)  Information Systems Audit and Control Association.

Question 15

How have personal computers likely affected information systems audits?

Accepted Answer

Personal computers (PCs) have had a sign

Question 16

Which of the following statements is a disadvantage to using the integrated-test-facility (ITF)approach in information systems auditing?

Accepted Answer

A)  When carefully planned, the costs of using ITF are minimal. 
B)  No interruption of normal computer activity is involved in using ITF. 
C)  Fictitious data must be excluded from output reports. 
D)  ITF is used in large computer application systems that use real-time processing. 
A)  When carefully planned, the costs of using ITF are minimal. 
B)  No interruption of normal computer activity is involved in using ITF. 
C)  Fictitious data must be excluded from output reports. 
D)  ITF is used in large computer application systems that use real-time processing.

Question 17

Parallel simulation is appropriate where transactions are sufficiently important to require a 100 percent audit.

Accepted Answer

A) True 
 B)False

Question 18

Snapshot technology is generally incorporated into extended records for later review by auditors.

Accepted Answer

A) True 
 B)False

Question 19

"Auditing with the computer"

Accepted Answer

A)  is only performed by external auditors. 
B)  involves activities related to compliance testing. 
C)  is only performed by internal auditors. 
D)  involves activities related to substantive testing of account balances. 
A)  is only performed by external auditors. 
B)  involves activities related to compliance testing. 
C)  is only performed by internal auditors. 
D)  involves activities related to substantive testing of account balances.

Question 20

The Public Company Accounting Oversight Board (PCAOB)has encouraged a risk-based approach to test the effectiveness of ________ as they relate to financial audits.

Accepted Answer

A)  internal controls 
B)  security processes 
C)  financial misstatements 
D)  fraud exposure 
A)  internal controls 
B)  security processes 
C)  financial misstatements 
D)  fraud exposure

Briefly describe the three phases of an information systems audit.

The verification of controls in a computer system is known as auditing

Probably the oldest (and still widely used)information systems auditing technique is

An advantage of generalized audit software is that

The phase of an information systems audit in which an audit program is created is the

All embedded audit routine techniques require a(n) level of technical expertise to set up,and at least a(n) level of knowledge to use them effectively.

Why are most audits now performed by auditing through and with the computer?

Using an integrated-test-facility approach, testing is appropriate to ,real-time processing technology.

The degree of independence that auditors can maintain while developing embedded audit routines will depend largely on the level of technical expertise that they possess.

RBA provides assurances relating to the effectiveness of an organization's processes.

An IT governance framework such as ________ can be a critical element in ensuring proper control and governance over information and the systems that create,store,manipulate,and retrieve that information.

IT governance has the objective of enhancing and ensuring the efficient application of IT resources as a critical success factor.

Which of the following statements is an advantage to using the test data technique in information systems auditing?

An external auditor conducts an information systems audit using the professional standards promulgated by the

How have personal computers likely affected information systems audits?

Which of the following statements is a disadvantage to using the integrated-test-facility (ITF)approach in information systems auditing?

Parallel simulation is appropriate where transactions are sufficiently important to require a 100 percent audit.

Snapshot technology is generally incorporated into extended records for later review by auditors.

"Auditing with the computer"

The Public Company Accounting Oversight Board (PCAOB)has encouraged a risk-based approach to test the effectiveness of ________ as they relate to financial audits.

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

Briefly describe the three phases of an information systems audit.

The verification of controls in a computer system is known as auditing

Probably the oldest (and still widely used)information systems auditing technique is

An advantage of generalized audit software is that

The phase of an information systems audit in which an audit program is created is the

All embedded audit routine techniques require a(n)________ level of technical expertise to set up,and at least a(n)________ level of knowledge to use them effectively.

Why are most audits now performed by auditing through and with the computer?

Using an integrated-test-facility approach,________ testing is appropriate to ________,real-time processing technology.

The degree of independence that auditors can maintain while developing embedded audit routines will depend largely on the level of technical expertise that they possess.

RBA provides assurances relating to the effectiveness of an organization's ________ ________ ________ processes.

An IT governance framework such as ________ can be a critical element in ensuring proper control and governance over information and the systems that create,store,manipulate,and retrieve that information.

IT governance has the objective of enhancing and ensuring the efficient application of IT resources as a critical success factor.

Which of the following statements is an advantage to using the test data technique in information systems auditing?

An external auditor conducts an information systems audit using the professional standards promulgated by the

How have personal computers likely affected information systems audits?

Which of the following statements is a disadvantage to using the integrated-test-facility (ITF)approach in information systems auditing?

Parallel simulation is appropriate where transactions are sufficiently important to require a 100 percent audit.

Snapshot technology is generally incorporated into extended records for later review by auditors.

"Auditing with the computer"

The Public Company Accounting Oversight Board (PCAOB)has encouraged a risk-based approach to test the effectiveness of ________ as they relate to financial audits.

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

All embedded audit routine techniques require a(n) level of technical expertise to set up,and at least a(n) level of knowledge to use them effectively.

Using an integrated-test-facility approach, testing is appropriate to ,real-time processing technology.

RBA provides assurances relating to the effectiveness of an organization's processes.