ACC 403 Quiz 6 Chapters 12-13 Week 8

08 Jul ACC 403 Quiz 6 Chapters 12-13 Week 8

• Question 1
2 out of 2 points

A control that relates to all parts of the IT system is called a(n):
Answer

• Question 2
2 out of 2 points

Controls which are designed to assure that the information processed by the computer is authorized, complete, and accurate are called:
Answer

• Question 3
2 out of 2 points

Auditors should evaluate which of the following before evaluating application controls because of the potential for pervasive effects?
Answer

• Question 4
2 out of 2 points

The most important output control is:
Answer

• Question 5
2 out of 2 points

In an IT system, automated equipment controls or hardware controls are designed to:
Answer

• Question 6
2 out of 2 points

Which of the following describes the process of implementing a new system in one part of the organization, while other locations continue to use the current system?
Answer

• Question 7
2 out of 2 points

A ________ total represents the summary total of codes from all records in a batch that do not represent a meaningful total.
Answer

• Question 8
2 out of 2 points

Which of the following is a component of general controls?
Answer

• Question 9
2 out of 2 points

Output controls need to be designed for which of the following data integrity objectives?
Answer

• Question 10
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:
Answer

• Question 11
2 out of 2 points

Controls which are built in by the manufacturer to detect equipment failure are called:
Answer

• Question 12
2 out of 2 points

Old and new systems operating simultaneously in all locations is a test approach known as:
Answer

• Question 13
2 out of 2 points

The audit approach in which the auditor runs his or her own program on a controlled basis to verify the client’s data recorded in a machine language is:
Answer

• Question 14
2 out of 2 points

Which of the following controls prevent and detect errors while transaction data are processed?
Answer

• Question 15
2 out of 2 points

The approach to auditing where the auditor does not test automated controls to reduce assessed control risk is called:
Answer

• Question 16
2 out of 2 points

At what point in the audit process are tests of details most appropriately designed?
Answer

• Question 17
2 out of 2 points

Which of the following audit tests is usually the least costly to perform?
Answer

• Question 18
2 out of 2 points

Tests of controls are directed toward the control’s:
Answer

• Question 19
2 out of 2 points

Analytical procedures must be performed in:
Answer

• Question 20
2 out of 2 points

If tests of controls support the control risk assessment, then ________ in the audit risk model is increased.
Answer

• Question 21
2 out of 2 points

When the auditor has completed the tests of details of balances and enters phase 4 of the audit process, she must still perform audit procedures for which of the following?
Answer

• Question 22
2 out of 2 points

A system walkthrough is primarily used to help the auditor:
Answer

• Question 23
0 out of 2 points

An exception or deficiency found in a test of controls:
Answer

• Question 24
2 out of 2 points

Which of the following further audit procedures are used to determine whether all six transaction-related audit objectives have been achieved for each class of transactions?
Answer

• Question 25
2 out of 2 points

Many auditors perform extensive analytical procedures on audits because:
Answer

• Question 26
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?
Answer

• Question 27
2 out of 2 points

The reliance the auditor places on substantive tests in relation to the reliance placed on internal control varies in a relationship that is ordinarily:
Answer

• Question 28
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.
Answer

• Question 29
2 out of 2 points

Which of the following is ordinarily designed to detect material dollar errors on the financial statements?
Answer

• Question 30
2 out of 2 points

Transaction related audit objectives would most likely be performed in which phase of the audit process?
Answer