Exam 9: Auditing Computer-Based Informtion Systems

Assessing the quality of internal controls,the reliability of information,and operating performance are all part of which stage of the auditing process?

Interviews with operations employees indicate that delays in the delivery of components often result in "slack time" during which production stops and employees are idle.This is an application of which of the following five internal audit scope standards?

List the types of risk possible when conducting an audit.

During all stages of the audit,findings and conclusions are documented in

Comparison of budgets and operating objectives with performance reveals material discrepancies.This is an application of which of the following five internal audit scope standards?

Evaluating effectiveness,efficiency,and goal achievement are objectives of __________ audits.

An internal auditor has embedded an audit module in the firm's accounting system that selectively monitors transactions.Selected transactions are then processed independently and the results are compared with those obtained by the system.This is an example of collecting audit evidence using

Which of the following is the first step in the risk-based audit approach?

With which stage in the auditing process are the consideration of risk factors and materiality most associated?

Name the four major stages of all audits.

When the auditor wants to read data in different formats and convert it into a single common format,the __________ function of a generalized audit software package is used.

The __________ audit reviews the general and application controls of an AIS to assess its compliance with internal control policies and procedures and its effectiveness in safeguarding assets.

There are different types of internal audit work.Which type of work listed below is not typical of internal auditors?

What is computer audit software or generalized audit software?

A sample of sales records is selected and each record is traced from the initial order record to product delivery and payment.Errors are noted.This is an application of which of the following five internal audit scope standards?

Determining whether the necessary control procedures are in place is accomplished by conducting

The auditor uses __________ to continuously monitor the system and collect audit evidence while live data are processed.

An increase in the effectiveness of auditing software will have the effect of

When doing an information systems audit,auditors must review and evaluate the program development process.What two things could go wrong during the program development process?

An auditor examining a firm's accounting information system sets an embedded audit module to flag all credit transactions in excess of $1,500.The flag causes the system state to be recorded before and after each transaction is processed.This is an example collecting audit evidence using