Question 1

Describe the components of a disaster recovery plan.

Accepted Answer

Every disaster recovery plan should: des

Question 2

Which of the following is not true?

Accepted Answer

A) Management may outsource their organizations' IT functions,but they cannot outsource their management responsibilities for internal control. 
B) section 404 requires the explicit testing of outsourced controls. 
C) The SAS 70 report,which is prepared by the outsourcer's auditor,attests to the adequacy of the vendor's internal controls. 
D) Auditors issue two types of SAS 70 reports: SAS 70 Type I report and SAS 70 Type II report. 
A) Management may outsource their organizations' IT functions,but they cannot outsource their management responsibilities for internal control. 
B) section 404 requires the explicit testing of outsourced controls. 
C) The SAS 70 report,which is prepared by the outsourcer's auditor,attests to the adequacy of the vendor's internal controls. 
D) Auditors issue two types of SAS 70 reports: SAS 70 Type I report and SAS 70 Type II report.

Question 3

Describe two tests that an auditor would perform to ensure that the disaster recovery plan is adequate.

Accepted Answer

review second site backup plan,critical

Question 4

Section 404 requires management to make a statement identifying the control framework used to conduct their assessment of internal controls.Discuss the options in selecting a control framework.

Accepted Answer

The SEC has made specific reference to t

Question 5

The financial statements of an organization reflect a set of management assertions about the financial health of the business.All of the following describe types of assertions except

Accepted Answer

A)  that all of the assets and equities on the balance sheet exist 
B)  that all employees are properly trained to carry out their assigned duties 
C)  that all transactions on the income statement actually occurred 
D)  that all allocated amounts such as depreciation are calculated on a systematic and rational basis 
A)  that all of the assets and equities on the balance sheet exist 
B)  that all employees are properly trained to carry out their assigned duties 
C)  that all transactions on the income statement actually occurred 
D)  that all allocated amounts such as depreciation are calculated on a systematic and rational basis

Question 6

All of the following are control risks associated with the distributed data processing structure except

Accepted Answer

A)  lack of separation of duties 
B)  system incompatibilities 
C)  system interdependency 
D)  lack of documentation standards 
A)  lack of separation of duties 
B)  system incompatibilities 
C)  system interdependency 
D)  lack of documentation standards

Question 7

Both the SEC and the PCAOB have expressed an opinion as which internal control framework an organization should use to comply with SOX legislation.Explain.

Accepted Answer

Both the SEC and PCAOB endorse

Question 8

Why is inadequate documentation a chronic problem?

Accepted Answer

Poor-quality systems documentation is a

Describe the components of a disaster recovery plan.

Which of the following is not true?

Describe two tests that an auditor would perform to ensure that the disaster recovery plan is adequate.

Section 404 requires management to make a statement identifying the control framework used to conduct their assessment of internal controls.Discuss the options in selecting a control framework.

The financial statements of an organization reflect a set of management assertions about the financial health of the business.All of the following describe types of assertions except

All of the following are control risks associated with the distributed data processing structure except

Both the SEC and the PCAOB have expressed an opinion as which internal control framework an organization should use to comply with SOX legislation.Explain.

Why is inadequate documentation a chronic problem?

The Information System: an Accountants Perspective

Introduction to Transaction Processing

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part Ii: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

General Ledger,financial Reporting,and Management Reporting Systems

Database Management Systems

The Rea Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Construct,deliver,and Maintain Systems Projects

IT Controls Part II: Security and Access

IT Controls Part III: Systems Development, program Changes, and Application Controls

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Exam 15: IT Controls Part I: Sarbanes-Oxley and It Governance

Describe the components of a disaster recovery plan.

Which of the following is not true?

Describe two tests that an auditor would perform to ensure that the disaster recovery plan is adequate.

Section 404 requires management to make a statement identifying the control framework used to conduct their assessment of internal controls.Discuss the options in selecting a control framework.

The financial statements of an organization reflect a set of management assertions about the financial health of the business.All of the following describe types of assertions except

All of the following are control risks associated with the distributed data processing structure except

Both the SEC and the PCAOB have expressed an opinion as which internal control framework an organization should use to comply with SOX legislation.Explain.

Why is inadequate documentation a chronic problem?

The Information System: an Accountants Perspective

Introduction to Transaction Processing

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part Ii: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

General Ledger,financial Reporting,and Management Reporting Systems

Database Management Systems

The Rea Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Construct,deliver,and Maintain Systems Projects

IT Controls Part II: Security and Access

IT Controls Part III: Systems Development, program Changes, and Application Controls

Filters