Exam 7: Internal Control, Understanding the Clients Internal Control Over Financial Reporting and Auditing Design Effectiveness

Backup controls for data files and hardware are examples of which classification of ITGC?

(Multiple Choice)

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Question 61

Section 302 of the Sarbanes-Oxley Act requires the CEO and CFO of each public company to personally certify each annual and quarterly report issued to the SEC. These certifications indicate, among other things, that:

(Multiple Choice)

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Question 62

Characteristics that drive a need for extensive audit documentation include:

(Multiple Choice)

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Question 63

Which of the following is an example of an entity-level ITGC?

(Multiple Choice)

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Question 64

Which of the following is a compensating control for a lack of segregation of duties in a small business environment?

(Multiple Choice)

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Question 65

An auditor's work papers document all of the following except:

(Multiple Choice)

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Question 66

An ICFR audit is a stand-alone activity with its own objectives and requirements, and can therefore be conducted separately from the financial statement audit.

(True/False)

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Question 67

Which of the following is not true regarding the performance of a walkthrough?

(Multiple Choice)

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Question 68

Showing 61 - 68 of 68

Backup controls for data files and hardware are examples of which classification of ITGC?

Section 302 of the Sarbanes-Oxley Act requires the CEO and CFO of each public company to personally certify each annual and quarterly report issued to the SEC. These certifications indicate, among other things, that:

Characteristics that drive a need for extensive audit documentation include:

Which of the following is an example of an entity-level ITGC?

Which of the following is a compensating control for a lack of segregation of duties in a small business environment?

An auditor's work papers document all of the following except:

An ICFR audit is a stand-alone activity with its own objectives and requirements, and can therefore be conducted separately from the financial statement audit.

Which of the following is not true regarding the performance of a walkthrough?

An Introduction to Auditing

Overview of an Integrated Audit

The Auditors Role in Society

Legal Environment Affecting Audits Pt Iii Executing an Integrated Audit

Client Acceptance and Continuance and Preliminary Engagement Procedures

Audit Planning and Risk Assessment

Planning and Testing Operating Effectiveness of Internal Control Over Financial Reporting

Substantive Procedures and the Financial Statement Audit

Auditing Revenue Process: Sales, Billing and Collection in the Health-Care Provider and Retailing Industries

Completing the Integrated Audit and Reporting

The Acquisition and Payments Cycle and Related Accounts: Purchases, Cash Disbursements and Other Related Activities in the Automotive Industry

Auditing Human Resources Cycle Process: Personnel and Payroll in Service Industries

Auditing Inventory Processes: Tracking and Costing Products in the Land Development and Home Building Industry

Assets, Liabilities and Equity Related to the Financing Cycle

Topics Beyond the Integrated Audit

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