Question 1

IT outsourcing is location-independent computing.

Accepted Answer

A) True 
 B)False

Question 2

When preparing discretionary reports,organizations can choose what information to report and how to present it.

Accepted Answer

A) True 
 B)False

Question 3

Information is a business resource.

Accepted Answer

A) True 
 B)False

Question 4

The three major subsystems of the AIS are _______________________________,___________________________,and _______________________________.

Accepted Answer

the transaction processing sys

Question 5

The transaction processing system is comprised of three cycles: __________________________,__________________________,and __________________________.

Accepted Answer

revenue,ex

Question 6

Audits are conducted by ____________________,____________________,and ____________________ auditors.

Accepted Answer

internal,e

Question 7

Sales of products to customers,purchases of inventory from vendors,and cash disbursements are all example of __________________________.

Accepted Answer

financial

Question 8

What are the similarities and differences between external auditors and internal auditors?

Accepted Answer

The characteristic that conceptually dis

Question 9

What factor conceptually distinguishes external auditing and internal auditing?

Accepted Answer

A)  Tests of controls 
B)  Substantive tests 
C)  Education 
D)  Constituencies 
A)  Tests of controls 
B)  Substantive tests 
C)  Education 
D)  Constituencies

Question 10

Under SOX legislation public accounting firms are no longer allowed to provide consulting services to audit clients.

Accepted Answer

A) True 
 B)False

Question 11

Describe the problem of data redundancy.

Accepted Answer

Information systems have limited collect

Question 12

Distinguish between the accounting information system and the management information system.

Accepted Answer

The AIS processes financial (e.g.,cash r

Question 13

The objectives of all information systems include all of the following except

Accepted Answer

A)  support for the stewardship function of management 
B)  evaluating transaction data 
C)  support for the day-to-day operations of the firm 
D)  support for management decision making 
A)  support for the stewardship function of management 
B)  evaluating transaction data 
C)  support for the day-to-day operations of the firm 
D)  support for management decision making

Question 14

Effective information has all of the following characteristics except

Accepted Answer

A)  relevance 
B)  completeness 
C)  summarization 
D)  structure 
A)  relevance 
B)  completeness 
C)  summarization 
D)  structure

Question 15

Why do auditors need to understand the organizational structure of the business?

Accepted Answer

The structure of an organization reflect

Question 16

The Transaction Processing System includes all of the following cycles except

Accepted Answer

A)  the revenue cycle 
B)  the administrative cycle 
C)  the expenditure cycle 
D)  the conversion cycle 
A)  the revenue cycle 
B)  the administrative cycle 
C)  the expenditure cycle 
D)  the conversion cycle

Question 17

In the distributed data processing approach

Accepted Answer

A)  computer services are consolidated and managed as a shared organization resource 
B)  the computer service function is a cost center 
C)  the end users are billed using a charge-back system 
D)  computer services are organized into small information processing units under the control of end users 
A)  computer services are consolidated and managed as a shared organization resource 
B)  the computer service function is a cost center 
C)  the end users are billed using a charge-back system 
D)  computer services are organized into small information processing units under the control of end users

Question 18

Systems development represents 80 to 90 percent of the total cost of a computer system.

Accepted Answer

A) True 
 B)False

Question 19

Name the five characteristics of information?

Accepted Answer

Relevance,accuracy,c

Question 20

The tests that focus on the system itself and how it is designed to reduce risk is called ____________________.

Accepted Answer

The answer of The tests that focus on the system...

IT outsourcing is location-independent computing.

When preparing discretionary reports,organizations can choose what information to report and how to present it.

Information is a business resource.

The three major subsystems of the AIS are _________________,_,and ___________________.

The transaction processing system is comprised of three cycles: ,,and __.

Audits are conducted by ,,and auditors.

Sales of products to customers,purchases of inventory from vendors,and cash disbursements are all example of __________________________.

What are the similarities and differences between external auditors and internal auditors?

What factor conceptually distinguishes external auditing and internal auditing?

Under SOX legislation public accounting firms are no longer allowed to provide consulting services to audit clients.

Describe the problem of data redundancy.

Distinguish between the accounting information system and the management information system.

The objectives of all information systems include all of the following except

Effective information has all of the following characteristics except

Why do auditors need to understand the organizational structure of the business?

The Transaction Processing System includes all of the following cycles except

In the distributed data processing approach

Systems development represents 80 to 90 percent of the total cost of a computer system.

Name the five characteristics of information?

The tests that focus on the system itself and how it is designed to reduce risk is called ____________________.

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 I: Sarbanes-Oxley and It Governance

IT Controls Part II: Security and Access

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

Filters

Exam 1: The Information System: an Accountants Perspective

IT outsourcing is location-independent computing.

When preparing discretionary reports,organizations can choose what information to report and how to present it.

Information is a business resource.

The three major subsystems of the AIS are _______________________________,___________________________,and _______________________________.

The transaction processing system is comprised of three cycles: __________________________,__________________________,and __________________________.

Audits are conducted by ____________________,____________________,and ____________________ auditors.

Sales of products to customers,purchases of inventory from vendors,and cash disbursements are all example of __________________________.

What are the similarities and differences between external auditors and internal auditors?

What factor conceptually distinguishes external auditing and internal auditing?

Under SOX legislation public accounting firms are no longer allowed to provide consulting services to audit clients.

Describe the problem of data redundancy.

Distinguish between the accounting information system and the management information system.

The objectives of all information systems include all of the following except

Effective information has all of the following characteristics except

Why do auditors need to understand the organizational structure of the business?

The Transaction Processing System includes all of the following cycles except

In the distributed data processing approach

Systems development represents 80 to 90 percent of the total cost of a computer system.

Name the five characteristics of information?

The tests that focus on the system itself and how it is designed to reduce risk is called ____________________.

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 I: Sarbanes-Oxley and It Governance

IT Controls Part II: Security and Access

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

Filters

The three major subsystems of the AIS are _________________,_,and ___________________.

The transaction processing system is comprised of three cycles: ,,and __.

Audits are conducted by ,,and auditors.