· Question 1
2 out of 2 points
In an IT system, automated equipment controls or hardware controls are designed to:
· Question 2
2 out of 2 points
A database management system:
· Question 3
2 out of 2 points
Old and new systems operating simultaneously in all locations is a test approach known as:
· Question 4
2 out of 2 points
Security controls should require that users enter a(n) ________ before being allowed access to software and other related data files.
· Question 5
2 out of 2 points
________ is not a risk specific to the IT environments.
· Question 6
2 out of 2 points
Controls that are designed for each software application and are intended to help a company satisfy the transaction-related audit objectives are:
· Question 7
2 out of 2 points
One of the unique risks of protecting hardware and data is:
· Question 8
2 out of 2 points
Which of the following computer-assisted auditing techniques inserts an audit module in the client’s application system to identify specific types of transactions?
· Question 9
2 out of 2 points
The most important output control is:
· Question 10
2 out of 2 points
An example of a physical control is:
· Question 11
2 out of 2 points
The auditor’s objective in determining whether the client’s automated controls can correctly handle valid and invalid transactions as they arise is accomplished through the:
· Question 12
2 out of 2 points
Programmers should be allowed access to:
· Question 13
2 out of 2 points
Which of the following controls prevent and detect errors while transaction data are processed?
· Question 14
2 out of 2 points
The approach to auditing where the auditor does not test automated controls to reduce assessed control risk is called:
· Question 15
2 out of 2 points
Output controls need to be designed for which of the following data integrity objectives?
· Question 16
2 out of 2 points
Which of the following procedures would most likely be performed in response to the auditor’s assessment of the risk of monetary misstatements in the financial statements?
· Question 17
2 out of 2 points
An exception or deficiency found in a test of controls:
· Question 18
2 out of 2 points
The document that details the specific audit procedures for each type of test is the:
· Question 19
2 out of 2 points
In order to promote audit efficiency the auditor considers cost in selecting audit tests to perform. Which of the following audit tests would be the most costly?
· Question 20
2 out of 2 points
Management implements internal controls to ensure that all required footnote disclosures are accurate. Auditors tests those controls to provide evidence supporting the ________ presentation.
· Question 21
2 out of 2 points
Many auditors perform extensive analytical procedures on audits because:
· Question 22
2 out of 2 points
An increased extent of tests of controls is most likely to occur when:
· Question 23
2 out of 2 points
The purpose of tests of controls is to provide reasonable assurance that the:
· Question 24
2 out of 2 points
A system walkthrough is primarily used to help the auditor:
· Question 25
2 out of 2 points
Which of the following tests commonly occur together?
· Question 26
2 out of 2 points
In the context of an audit of financial statements, substantive tests are audit procedures that:
· Question 27
2 out of 2 points
Risk assessment procedures are performed by auditors during an audit in order to:
· Question 28
2 out of 2 points
Collectively, procedures performed to obtain an understanding of the entity and its environment, including internal controls, represent the auditor’s:
· Question 29
2 out of 2 points
You are auditing Rodgers and Company. After performing substantive analytical procedures you conclude that, for the accounts tested, the client’s balance appears reasonable. This may indicate that:
· Question 30
2 out of 2 points
Which of the following audit tests is usually the least costly to perform?