Question 1

List five assertions of management in respect to financial statements.

Accepted Answer

The assertions of management related to

Question 2

This type of graphic allows the investigator to analyze the movement of goods services, people and money:

Accepted Answer

A)  Gantt chart 
B)  Link chart 
C)  Association matrix 
D)  Flow diagram 
A)  Gantt chart 
B)  Link chart 
C)  Association matrix 
D)  Flow diagram

Question 3

Output controls address how to monitor waste and how to identify who is responsible for data accuracy, report distribution, and end-user controls.

Accepted Answer

A) True 
 B)False

Question 4

The assertions of management related to financial statements include all of the these EXCEPT:

Accepted Answer

A)  The existence of assets and transactions. 
B)  The completeness of the transactions. 
C)  Proper disclosure of all rights and obligations. 
D)  Assurance of future profitability. 
A)  The existence of assets and transactions. 
B)  The completeness of the transactions. 
C)  Proper disclosure of all rights and obligations. 
D)  Assurance of future profitability.

Question 5

The functions of data extraction and analysis software tools includes all EXCEPT:

Accepted Answer

A)  Compliance verification 
B)  Input into inventory system 
C)  Duplicate searches 
D)  Correlation analysis 
A)  Compliance verification 
B)  Input into inventory system 
C)  Duplicate searches 
D)  Correlation analysis

Question 6

What computer functions can make recovering deleted files more difficult?

Accepted Answer

An activity that can severely reduce the

Question 7

What are the two categories of data mining and knowledge discovery software?

Accepted Answer

Data mining and knowledge discovery soft

Question 8

An information technology IT audit consists of 1 planning, 2 tests of controls, and 3 substantive tests.

Accepted Answer

A) True 
 B)False

Question 9

List two commercial data extraction and analysis software and list four functions of this software.

Accepted Answer

ACL and IDEA are two commercial software

Question 10

IDEA can read, display, analyze, manipulate, sample, and extract data from files obtained from many sources in only one format.

Accepted Answer

A) True 
 B)False

Question 11

In data analysis and extraction software, the types of queries conducted on the general ledger would include everything EXCEPT:

Accepted Answer

A)  Calculating financial ratios 
B)  Select specific journal entries for analysis 
C)  Age counts receivable in various formats 
D)  Create actual to budget comparison reports 
A)  Calculating financial ratios 
B)  Select specific journal entries for analysis 
C)  Age counts receivable in various formats 
D)  Create actual to budget comparison reports

Question 12

An information technology IT audit consists of all EXCEPT

Accepted Answer

A)  planning, 
B)  tests of controls, 
C)  substantive tests, 
D)  qualitative tests. 
A)  planning, 
B)  tests of controls, 
C)  substantive tests, 
D)  qualitative tests.

Question 13

Benford's Law can be used as an indicator of potential fraud.

Accepted Answer

A) True 
 B)False

Question 14

An association matrix is not useful for identifying major players who are central to an investigation and to identify linkages between those players.

Accepted Answer

A) True 
 B)False

Question 15

An example of an input error that would likely be caught by a validation control in payroll processing would be:

Accepted Answer

A)  Overtime hours above 10 hours for an individual. 
B)  Zero hours for a long time employee. 
C)  90 hours worked by one employee in one week. 
D)  The addition of a new employee 
A)  Overtime hours above 10 hours for an individual. 
B)  Zero hours for a long time employee. 
C)  90 hours worked by one employee in one week. 
D)  The addition of a new employee

Question 16

Duplicate searches in data extraction and analysis software could be used to discover:

Accepted Answer

A)  Invoices that have been paid twice 
B)  Missing employees 
C)  Missing invoices 
D)  Stolen inventory 
A)  Invoices that have been paid twice 
B)  Missing employees 
C)  Missing invoices 
D)  Stolen inventory

Question 17

ACL and IDEA are examples of commercially available data mining software.

Accepted Answer

A) True 
 B)False

Question 18

The general framework for viewing IT risks and controls include all the following EXCEPT

Accepted Answer

A)  IT Operations 
B)  Systems Maintenance 
C)  Human Resource Management 
D)  Electric Commerce 
A)  IT Operations 
B)  Systems Maintenance 
C)  Human Resource Management 
D)  Electric Commerce

Question 19

Which of the following would be considered a batch control for payroll?

Accepted Answer

A)  A total on FICA taxes withheld. 
B)  A total on Federal Income taxes withheld. 
C)  A total on employee hours. 
D)  A total on state income tax withheld. 
A)  A total on FICA taxes withheld. 
B)  A total on Federal Income taxes withheld. 
C)  A total on employee hours. 
D)  A total on state income tax withheld.

Question 20

An activity that can enhance the ability to recover deleted files is the "Defrag" command.

Accepted Answer

A) True 
 B)False

List five assertions of management in respect to financial statements.

This type of graphic allows the investigator to analyze the movement of goods services, people and money:

Output controls address how to monitor waste and how to identify who is responsible for data accuracy, report distribution, and end-user controls.

The assertions of management related to financial statements include all of the these EXCEPT:

The functions of data extraction and analysis software tools includes all EXCEPT:

What computer functions can make recovering deleted files more difficult?

What are the two categories of data mining and knowledge discovery software?

An information technology IT audit consists of 1 planning, 2 tests of controls, and 3 substantive tests.

List two commercial data extraction and analysis software and list four functions of this software.

IDEA can read, display, analyze, manipulate, sample, and extract data from files obtained from many sources in only one format.

In data analysis and extraction software, the types of queries conducted on the general ledger would include everything EXCEPT:

An information technology IT audit consists of all EXCEPT

Benford's Law can be used as an indicator of potential fraud.

An association matrix is not useful for identifying major players who are central to an investigation and to identify linkages between those players.

An example of an input error that would likely be caught by a validation control in payroll processing would be:

Duplicate searches in data extraction and analysis software could be used to discover:

ACL and IDEA are examples of commercially available data mining software.

The general framework for viewing IT risks and controls include all the following EXCEPT

Which of the following would be considered a batch control for payroll?

An activity that can enhance the ability to recover deleted files is the "Defrag" command.

Core Foundation Related to Fraud Examination and Financial Forensics

Careers in Fraud Examination and Financial Forensics

Who Commits Fraud and Why: Criminology and Ethics

Complex Frauds and Financial Crimes

Cybercrime: Computer and Internet Fraud

Legal, Regulatory, and Professional Environment

Fraud Detection: Red Flags and Targeted Risk Assessment

Detection and Investigations

Effective Interviewing and Interrogation

Cash Receipt Schemes and Other Asset Misappropriations

Cash Disbursement Schemes

Corruption and the Human Factor

Financial Statement Fraud

Consulting, Litigation Support, and Expert Witnesses: Damages, Valuations, and Other Engagements

Remediation and Litigation Advisory Services

Filters

Exam 10: Using Information Technology for Fraud Examination and Financial Forensics

List five assertions of management in respect to financial statements.

This type of graphic allows the investigator to analyze the movement of goods services, people and money:

Output controls address how to monitor waste and how to identify who is responsible for data accuracy, report distribution, and end-user controls.

The assertions of management related to financial statements include all of the these EXCEPT:

The functions of data extraction and analysis software tools includes all EXCEPT:

What computer functions can make recovering deleted files more difficult?

What are the two categories of data mining and knowledge discovery software?

An information technology IT audit consists of 1 planning, 2 tests of controls, and 3 substantive tests.

List two commercial data extraction and analysis software and list four functions of this software.

IDEA can read, display, analyze, manipulate, sample, and extract data from files obtained from many sources in only one format.

In data analysis and extraction software, the types of queries conducted on the general ledger would include everything EXCEPT:

An information technology IT audit consists of all EXCEPT

Benford's Law can be used as an indicator of potential fraud.

An association matrix is not useful for identifying major players who are central to an investigation and to identify linkages between those players.

An example of an input error that would likely be caught by a validation control in payroll processing would be:

Duplicate searches in data extraction and analysis software could be used to discover:

ACL and IDEA are examples of commercially available data mining software.

The general framework for viewing IT risks and controls include all the following EXCEPT

Which of the following would be considered a batch control for payroll?

An activity that can enhance the ability to recover deleted files is the "Defrag" command.

Core Foundation Related to Fraud Examination and Financial Forensics

Careers in Fraud Examination and Financial Forensics

Who Commits Fraud and Why: Criminology and Ethics

Complex Frauds and Financial Crimes

Cybercrime: Computer and Internet Fraud

Legal, Regulatory, and Professional Environment

Fraud Detection: Red Flags and Targeted Risk Assessment

Detection and Investigations

Effective Interviewing and Interrogation

Cash Receipt Schemes and Other Asset Misappropriations

Cash Disbursement Schemes

Corruption and the Human Factor

Financial Statement Fraud

Consulting, Litigation Support, and Expert Witnesses: Damages, Valuations, and Other Engagements

Remediation and Litigation Advisory Services

Filters