Question 1

Using the risk-based auditing approach,when the auditor identifies a control deficiency,the auditor should inquire about

Accepted Answer

A) tests of controls. 
B) the feasibility of a systems review. 
C) materiality and inherent risk factors. 
D) compensating controls. 
A) tests of controls. 
B) the feasibility of a systems review. 
C) materiality and inherent risk factors. 
D) compensating controls.

Question 2

The type of audit in which the primary responsibility of the auditors is the management of the organization is

Accepted Answer

A) an external audit. 
B) a governmental audit. 
C) an internal audit. 
D) a public audits. 
A) an external audit. 
B) a governmental audit. 
C) an internal audit. 
D) a public audits.

Question 3

Much of the effort spent in an audit entails the collection of evidence.Verifying the accuracy of certain information,often through communication with certain third parties,is known in the language of the auditor as

Accepted Answer

A) reperformance. 
B) confirmation. 
C) substantiation. 
D) documentation. 
A) reperformance. 
B) confirmation. 
C) substantiation. 
D) documentation.

Question 4

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

Accepted Answer

A) operational 
B) information systems 
C) financial 
D) internal control 
A) operational 
B) information systems 
C) financial 
D) internal control

Question 5

Why are audit tests and procedures performed on a sample basis?

Accepted Answer

It is not feasible (in terms of time or

Question 6

The auditor seeks ____________ that no _______________ exist in the audited process.

Accepted Answer

A) absolute certainty; financial errors 
B) reasonable assurance; material errors 
C) relative certainty; accounting errors 
D) reasonable assurance; control weaknesses 
A) absolute certainty; financial errors 
B) reasonable assurance; material errors 
C) relative certainty; accounting errors 
D) reasonable assurance; control weaknesses

Question 7

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

Accepted Answer

A) financial 
B) informational 
C) information systems 
D) operational 
A) financial 
B) informational 
C) information systems 
D) operational

Question 8

Reference to the operational policies manual indicate that all visitors to the production facility should produce photo identification and be signed in and out with the times noted.Observation indicates that guards often wave people through if they are accompanied by a known employee.This is an application of which of the following five internal audit scope standards?

Accepted Answer

A) Operating and financial information integrity 
B) Policy compliance verification 
C) Asset security verification 
D) Resource use efficiency 
E) Operational effectiveness 
A) Operating and financial information integrity 
B) Policy compliance verification 
C) Asset security verification 
D) Resource use efficiency 
E) Operational effectiveness

Question 9

One function of CAS is to review data files to retrieve records meeting a specified criteria.What is this function called?

Accepted Answer

A) reformatting 
B) file processing 
C) data analysis 
D) data selection 
A) reformatting 
B) file processing 
C) data analysis 
D) data selection

Question 10

An auditor examining a firm's accounting information system creates a fictitious customer in the system and then creates several fictitious sales to the customer.The records are then tracked as they are processed by the system.This is an example collecting audit evidence using

Accepted Answer

A) an integrated test facility. 
B) the snapshot technique. 
C) a system control audit review file. 
D) audit hooks. 
E) continuous and intermittent simulation. 
A) an integrated test facility. 
B) the snapshot technique. 
C) a system control audit review file. 
D) audit hooks. 
E) continuous and intermittent simulation.

Question 11

An internal auditor has set the firm's information system to flag questionable online transactions,The system then displays information about the transaction on the auditor's computer system and sends a text message to the auditor's cell phone.This is an example of collecting audit evidence using

Accepted Answer

A) an integrated test facility. 
B) the snapshot technique. 
C) a system control audit review file. 
D) audit hooks. 
E) continuous and intermittent simulation. 
A) an integrated test facility. 
B) the snapshot technique. 
C) a system control audit review file. 
D) audit hooks. 
E) continuous and intermittent simulation.

Question 12

An auditor examines documents related to the acquisition and disposal of a firm's delivery van and manually calculates accumulated depreciation for comparison with accounting records.This is an example collecting audit evidence by

Accepted Answer

A) confirmation. 
B) reperformance. 
C) vouching. 
D) analytical review. 
A) confirmation. 
B) reperformance. 
C) vouching. 
D) analytical review.

Question 13

Name the different types of audits.

Accepted Answer

The financial audit.

Question 14

The auditor has various software programs available to help in the audit effort.A program that,based on auditor specifications,generates programs that perform certain audit functions is referred to a(n)

Accepted Answer

A) input controls matrix. 
B) CAS. 
C) VAN. 
D) mapping program. 
A) input controls matrix. 
B) CAS. 
C) VAN. 
D) mapping program.

Using the risk-based auditing approach,when the auditor identifies a control deficiency,the auditor should inquire about

The type of audit in which the primary responsibility of the auditors is the management of the organization is

Much of the effort spent in an audit entails the collection of evidence.Verifying the accuracy of certain information,often through communication with certain third parties,is known in the language of the auditor as

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

Why are audit tests and procedures performed on a sample basis?

The auditor seeks that no ___ exist in the audited process.

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

One function of CAS is to review data files to retrieve records meeting a specified criteria.What is this function called?

An auditor examining a firm's accounting information system creates a fictitious customer in the system and then creates several fictitious sales to the customer.The records are then tracked as they are processed by the system.This is an example collecting audit evidence using

An internal auditor has set the firm's information system to flag questionable online transactions,The system then displays information about the transaction on the auditor's computer system and sends a text message to the auditor's cell phone.This is an example of collecting audit evidence using

An auditor examines documents related to the acquisition and disposal of a firm's delivery van and manually calculates accumulated depreciation for comparison with accounting records.This is an example collecting audit evidence by

Name the different types of audits.

The auditor has various software programs available to help in the audit effort.A program that,based on auditor specifications,generates programs that perform certain audit functions is referred to a(n)

Accounting Information Systems

Overview of Business Processes

Systems Development and Documentation Techniques

Relational Databases

Computer Fraud and Security

Control and Accounting Information Systems

Infromation System Controls for Systems Reliability

Auditing Computer-Based Information Systems

The Revenue Cycle: Sales an Cash Collections

The Expenditure Cycle: Purchasing and Cash Disbursements

The Production Cycle

The Human Resources Managementpayroll Cycle

General Ledger and Reporting System

Data Modeling and Database Design

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development and Systems Analysis

Ais Development Strategies

Systems Design, Implementation and Operation

Filters

Exam 9: Auditing Computer-Based Informtion Systems

Using the risk-based auditing approach,when the auditor identifies a control deficiency,the auditor should inquire about

The type of audit in which the primary responsibility of the auditors is the management of the organization is

Much of the effort spent in an audit entails the collection of evidence.Verifying the accuracy of certain information,often through communication with certain third parties,is known in the language of the auditor as

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

Why are audit tests and procedures performed on a sample basis?

The auditor seeks ____________ that no _______________ exist in the audited process.

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

One function of CAS is to review data files to retrieve records meeting a specified criteria.What is this function called?

An auditor examining a firm's accounting information system creates a fictitious customer in the system and then creates several fictitious sales to the customer.The records are then tracked as they are processed by the system.This is an example collecting audit evidence using

An internal auditor has set the firm's information system to flag questionable online transactions,The system then displays information about the transaction on the auditor's computer system and sends a text message to the auditor's cell phone.This is an example of collecting audit evidence using

An auditor examines documents related to the acquisition and disposal of a firm's delivery van and manually calculates accumulated depreciation for comparison with accounting records.This is an example collecting audit evidence by

Name the different types of audits.

The auditor has various software programs available to help in the audit effort.A program that,based on auditor specifications,generates programs that perform certain audit functions is referred to a(n)

Accounting Information Systems

Overview of Business Processes

Systems Development and Documentation Techniques

Relational Databases

Computer Fraud and Security

Control and Accounting Information Systems

Infromation System Controls for Systems Reliability

Auditing Computer-Based Information Systems

The Revenue Cycle: Sales an Cash Collections

The Expenditure Cycle: Purchasing and Cash Disbursements

The Production Cycle

The Human Resources Managementpayroll Cycle

General Ledger and Reporting System

Data Modeling and Database Design

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development and Systems Analysis

Ais Development Strategies

Systems Design, Implementation and Operation

Filters

The auditor seeks that no ___ exist in the audited process.