Question 1

Discuss the advantages and disadvantages of the second site backup options.

Accepted Answer

Second site backups include mutual aid p

Question 2

Adequate backups will protect against all of the following except

Accepted Answer

A)  natural disasters such as fires 
B)  unauthorized access 
C)  data corruption caused by program errors 
D)  system crashes 
A)  natural disasters such as fires 
B)  unauthorized access 
C)  data corruption caused by program errors 
D)  system crashes

Question 3

What is IT Governance?

Accepted Answer

IT governance is a broad concept relatin

Question 4

Which of the following is not true?

Accepted Answer

A)  When management outsources their organization's IT functions, they also outsource responsibility for internal control. 
B)  Once a client firm has outsourced specific IT assets, its performance becomes linked to the vendor's performance. 
C)  IT outsourcing may affect incongruence between a firm's IT strategic planning and its business planning functions. 
D)  The financial justification for IT outsourcing depends upon the vendor achieving economies of scale. 
A)  When management outsources their organization's IT functions, they also outsource responsibility for internal control. 
B)  Once a client firm has outsourced specific IT assets, its performance becomes linked to the vendor's performance. 
C)  IT outsourcing may affect incongruence between a firm's IT strategic planning and its business planning functions. 
D)  The financial justification for IT outsourcing depends upon the vendor achieving economies of scale.

Question 5

Supervision in a computerized environment is more complex than in a manual environment for all of the following reasons except

Accepted Answer

A)  rapid turnover of systems professionals complicates management's task of assessing the competence and honesty of prospective employees 
B)  many systems professionals have direct and unrestricted access to the organization's programs and data 
C)  rapid changes in technology make staffing the systems environment challenging 
D)  systems professionals and their supervisors work at the same physical location 
A)  rapid turnover of systems professionals complicates management's task of assessing the competence and honesty of prospective employees 
B)  many systems professionals have direct and unrestricted access to the organization's programs and data 
C)  rapid changes in technology make staffing the systems environment challenging 
D)  systems professionals and their supervisors work at the same physical location

Question 6

Which of the following is not an essential feature of a disaster recovery plan?

Accepted Answer

A)  off-site storage of backups 
B)  computer services function 
C)  second site backup 
D)  critical applications identified 
A)  off-site storage of backups 
B)  computer services function 
C)  second site backup 
D)  critical applications identified

Question 7

Audit risk is the probability that the auditor will render an unqualified opinion on financial statements that are materially misstated.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is NOT an implication of section 302 of the Sarbanes-Oxley Act?

Accepted Answer

A)  Auditors must determine, whether changes in internal control has, or is likely to, materially affect internal control over financial reporting. 
B)  Auditors must interview management regarding significant changes in the design or operation of internal control that occurred since the last audit. 
C)  Corporate management (including the CEO) must certify monthly and annually their organization's internal controls over financial reporting. 
D)  Management must disclose any material changes in the company's internal controls that have occurred during the most recent fiscal quarter. 
A)  Auditors must determine, whether changes in internal control has, or is likely to, materially affect internal control over financial reporting. 
B)  Auditors must interview management regarding significant changes in the design or operation of internal control that occurred since the last audit. 
C)  Corporate management (including the CEO) must certify monthly and annually their organization's internal controls over financial reporting. 
D)  Management must disclose any material changes in the company's internal controls that have occurred during the most recent fiscal quarter.

Question 9

Internal auditors assist external auditors with financial audits to

Accepted Answer

A)  reduce audit fees 
B)  ensure independence 
C)  represent the interests of management 
D)  None of the above. Internal auditors are not permitted to assist external auditors with financial audits. 
A)  reduce audit fees 
B)  ensure independence 
C)  represent the interests of management 
D)  None of the above. Internal auditors are not permitted to assist external auditors with financial audits.

Discuss the advantages and disadvantages of the second site backup options.

Adequate backups will protect against all of the following except

What is IT Governance?

Which of the following is not true?

Supervision in a computerized environment is more complex than in a manual environment for all of the following reasons except

Which of the following is not an essential feature of a disaster recovery plan?

Audit risk is the probability that the auditor will render an unqualified opinion on financial statements that are materially misstated.

Which of the following is NOT an implication of section 302 of the Sarbanes-Oxley Act?

Internal auditors assist external auditors with financial audits to

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

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

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

Discuss the advantages and disadvantages of the second site backup options.

Adequate backups will protect against all of the following except

What is IT Governance?

Which of the following is not true?

Supervision in a computerized environment is more complex than in a manual environment for all of the following reasons except

Which of the following is not an essential feature of a disaster recovery plan?

Audit risk is the probability that the auditor will render an unqualified opinion on financial statements that are materially misstated.

Which of the following is NOT an implication of section 302 of the Sarbanes-Oxley Act?

Internal auditors assist external auditors with financial audits to

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

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