Question 1

Project management controls are concerned with the maintenance of application programs.

Accepted Answer

A) True 
 B)False

Question 2

Match between columns
                        Premises:  Audit program
 System control audit review file
 Auditing around-the-computer
 In-line code
 Financial statement audit
 Control flowcharting
 Test data
 Embedded audit routines
 Sample audit review file
 PC software

Accepted Answer

The Answer of The second stage of a financial statement is...

Question 3

One very common program change control is to periodically compare actual copies of object code with duplicate copies retained in the past.

Accepted Answer

A) True 
 B)False

Question 4

The external auditor serves the firm's stockbrokers,the government,and the general public.

Accepted Answer

A) True 
 B)False

Question 5

ITF does not involve the input of test data into the master files of the computer system being audited.

Accepted Answer

A) True 
 B)False

Question 6

The extended record technique provides a way to reconstruct an audit trail by

Accepted Answer

A)  adding specific "dummy" test data processed by the system in the extended record for examination by the auditor after processing is complete. 
B)  processing real data through a test program and comparing the simulated and regular output after processing is complete. 
C)  capturing a detailed listing of the sequence of program statement executions in the extended record that would not normally be saved. 
D)  tagging specific transactions and capturing intervening processing steps in the extended record that would not normally be saved. 
A)  adding specific "dummy" test data processed by the system in the extended record for examination by the auditor after processing is complete. 
B)  processing real data through a test program and comparing the simulated and regular output after processing is complete. 
C)  capturing a detailed listing of the sequence of program statement executions in the extended record that would not normally be saved. 
D)  tagging specific transactions and capturing intervening processing steps in the extended record that would not normally be saved.

Question 7

PCAOB has encouraged a risk-based approach to testing the effectiveness of internal controls as they relate to financial audits.

Accepted Answer

A) True 
 B)False

Question 8

Total audit cost is increased significantly when some audit resources are directed at reviewing and verifying the internal controls that exist in a system.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following should be developed when the related application system is developed?

Accepted Answer

A)  Test data approach 
B)  Integrated test facility 
C)  Parallel simulation approach 
D)  Artificial intelligence software 
A)  Test data approach 
B)  Integrated test facility 
C)  Parallel simulation approach 
D)  Artificial intelligence software

Question 10

COBIT has four domains that include

Accepted Answer

A)  plan and organize, acquire and implement, deliver and support, and monitor and evaluate. 
B)  analysis, design, implement, and feedback. 
C)  plan, build, implement, and evaluate. 
D)  analysis, build, train, and implement. 
A)  plan and organize, acquire and implement, deliver and support, and monitor and evaluate. 
B)  analysis, design, implement, and feedback. 
C)  plan, build, implement, and evaluate. 
D)  analysis, build, train, and implement.

Question 11

An interim audit

Accepted Answer

A)  consists only of substantive testing of account balances. 
B)  has the objective of verifying financial statement figures to render a professional opinion of the financial statements. 
C)  has the objective of establishing the degree to which the internal control system can be relied upon. 
D)  None of these answers is correct. 
A)  consists only of substantive testing of account balances. 
B)  has the objective of verifying financial statement figures to render a professional opinion of the financial statements. 
C)  has the objective of establishing the degree to which the internal control system can be relied upon. 
D)  None of these answers is correct.

Question 12

Risks associated with implementing new technologies include

Accepted Answer

A)  IT strategies not aligned with business strategies. 
B)  control framework for IT does not exist. 
C)  IT performance is not measured and evaluated. 
D)  All of the above are risks associated with new technologies. 
A)  IT strategies not aligned with business strategies. 
B)  control framework for IT does not exist. 
C)  IT performance is not measured and evaluated. 
D)  All of the above are risks associated with new technologies.

Question 13

Information system development audits are more common to large organizations because they often have a formal development process.

Accepted Answer

A) True 
 B)False

Question 14

Each COBIT IT process should have its own navigation diagram.

Accepted Answer

A) True 
 B)False

Question 15

A trace can produce thousands of output records if an excessive number of transactions are tagged.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following information system auditing technologies produces a printed audit trail of computer processing?

Accepted Answer

A)  Extended records 
B)  Snapshot 
C)  Sample audit review file 
D)  System control audit review file 
A)  Extended records 
B)  Snapshot 
C)  Sample audit review file 
D)  System control audit review file

Question 17

IT governance has the objective of enhancing and ensuring the efficient application of IT resources

Accepted Answer

A)  to ensure success in the development of systems and processes. 
B)  as a critical success factor. 
C)  to gain a competitive advantage. 
D)  as a major component to IT security. 
A)  to ensure success in the development of systems and processes. 
B)  as a critical success factor. 
C)  to gain a competitive advantage. 
D)  as a major component to IT security.

Question 18

The ________ ________ technique may be used to verify input transaction validation routines.

Accepted Answer

The answer of The ________ ________ technique may be used...

Question 19

ITF is a powerful information system audit technology.

Accepted Answer

A) True 
 B)False

Question 20

________ is an IT governance professional certification for individuals who manage,design,oversee,and assess an enterprise's information security program.

Accepted Answer

The answer of ________ is an IT governance professional certification...

Project management controls are concerned with the maintenance of application programs.

One very common program change control is to periodically compare actual copies of object code with duplicate copies retained in the past.

The external auditor serves the firm's stockbrokers,the government,and the general public.

ITF does not involve the input of test data into the master files of the computer system being audited.

The extended record technique provides a way to reconstruct an audit trail by

PCAOB has encouraged a risk-based approach to testing the effectiveness of internal controls as they relate to financial audits.

Total audit cost is increased significantly when some audit resources are directed at reviewing and verifying the internal controls that exist in a system.

Which of the following should be developed when the related application system is developed?

COBIT has four domains that include

An interim audit

Risks associated with implementing new technologies include

Information system development audits are more common to large organizations because they often have a formal development process.

Each COBIT IT process should have its own navigation diagram.

A trace can produce thousands of output records if an excessive number of transactions are tagged.

Which of the following information system auditing technologies produces a printed audit trail of computer processing?

IT governance has the objective of enhancing and ensuring the efficient application of IT resources

The technique may be used to verify input transaction validation routines.

ITF is a powerful information system audit technology.

________ is an IT governance professional certification for individuals who manage,design,oversee,and assess an enterprise's information security program.

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

Project management controls are concerned with the maintenance of application programs.

One very common program change control is to periodically compare actual copies of object code with duplicate copies retained in the past.

The external auditor serves the firm's stockbrokers,the government,and the general public.

ITF does not involve the input of test data into the master files of the computer system being audited.

The extended record technique provides a way to reconstruct an audit trail by

PCAOB has encouraged a risk-based approach to testing the effectiveness of internal controls as they relate to financial audits.

Total audit cost is increased significantly when some audit resources are directed at reviewing and verifying the internal controls that exist in a system.

Which of the following should be developed when the related application system is developed?

COBIT has four domains that include

An interim audit

Risks associated with implementing new technologies include

Information system development audits are more common to large organizations because they often have a formal development process.

Each COBIT IT process should have its own navigation diagram.

A trace can produce thousands of output records if an excessive number of transactions are tagged.

Which of the following information system auditing technologies produces a printed audit trail of computer processing?

IT governance has the objective of enhancing and ensuring the efficient application of IT resources

The ________ ________ technique may be used to verify input transaction validation routines.

ITF is a powerful information system audit technology.

________ is an IT governance professional certification for individuals who manage,design,oversee,and assess an enterprise's information security program.

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

The technique may be used to verify input transaction validation routines.