CITP Exam Questions with Correct Answers
100% Latest Verified Graded A+
1. Application Controls
Answer: Internal controls around applications that operate at a transaction level and
ensure authorization, protect against unauthorized access, errors, unauthorized
reporting, and extra care around high-rise transactions
2. Artificial Intelligence (AI)
Answer: Computer science that involves automated reasoning and problem solving,
emulating human intelligence
3. Assertion Level Risks
Answer: Risks limited to one or more specific assertions in an account or in several
accounts; addressed by nature, timing, and extent of further audit procedures; Includes
inherent and control risk
4. Asset Misappropriation
Answer: Use of one's occupation for personal gain through the deliberate misuse or theft of
the employing organization's resources or assets
,5. Attribute
Answer: Characteristic of something in a data file (ie. part number of an inven- tory item)
6. Automated Control
Answer: Involves leveraging technology to build and enforce internal controls with the least
manual intervention possible
7. Balanced Scorecard
Answer: Holistic performance measuring and managing methodol- ogy combining financial,
customer, internal processes, and learning/growth objec- tives into a single report
8. Business Activity Monitoring (BAM)
Answer: Software that assists management in monitoring business activities, especially
automated processes; Aggregating, ana- lyzing, and presenting business process
performance
9. Business Intelligence (BI)
Answer: Structure and process that combines information architecture, databases,
analytical tools, reporting tools, and other applications to gather and communicate
business information for strategic and tactical purposes
10. Business Performance Management (BPM)
Answer: Measures and analyzes enter- prise performance, operational and financial, to
,achieve strategic advantages
11. Business Process Management (BPrM)
Answer: Holistic management approach to managing business processes at the enterprise
level to promote efficiency and effec- tiveness, while stressing improvements, innovation,
and integration with technology
12. Commercial Off-the-shelf Software (COTS)
Answer: Software that is published and mage commercially available to the general
public
13. Conceptual Schema
Answer: View of information requirements before it is converted into an actual database;
composite view of all user views / schemas
14. Control Risk
Answer: Risk that a material misstatement will not be detected or prevent- ed by the entity's
internal control on a timely basis; considered individually and in the aggregate with other
misstatements
15. Corruption Schemes
Answer: Set of fraud schemes that involves someone inside the victim organization
working with someone outside the entity to defraud the entity
, 16. Critical Success Factors (CSF)
Answer: Structure and process that measures and analyzes enterprise performance,
operational and financial, to achieve strategic advantages
17. Dashboard
Answer: Visual presentation of information that allows for quick assimilation of the facts,
and understanding of significance or importance of the information
18. Data
Answer: Raw facts; apart from outside manipulation, data is virtually meaningless
19. Data Mart
Answer: Subset of data warehouse database that is useful to one or more users for
reporting or analyzing
20. Data Mining
Answer: Data processing using large data sets and sophisticated data search capabilities
and statistical tools to discover patterns or correlations, or to make predictions based
on historical data.
21. Data Warehouse (DW)
Answer: Data repository of historical and current data
22. Database
100% Latest Verified Graded A+
1. Application Controls
Answer: Internal controls around applications that operate at a transaction level and
ensure authorization, protect against unauthorized access, errors, unauthorized
reporting, and extra care around high-rise transactions
2. Artificial Intelligence (AI)
Answer: Computer science that involves automated reasoning and problem solving,
emulating human intelligence
3. Assertion Level Risks
Answer: Risks limited to one or more specific assertions in an account or in several
accounts; addressed by nature, timing, and extent of further audit procedures; Includes
inherent and control risk
4. Asset Misappropriation
Answer: Use of one's occupation for personal gain through the deliberate misuse or theft of
the employing organization's resources or assets
,5. Attribute
Answer: Characteristic of something in a data file (ie. part number of an inven- tory item)
6. Automated Control
Answer: Involves leveraging technology to build and enforce internal controls with the least
manual intervention possible
7. Balanced Scorecard
Answer: Holistic performance measuring and managing methodol- ogy combining financial,
customer, internal processes, and learning/growth objec- tives into a single report
8. Business Activity Monitoring (BAM)
Answer: Software that assists management in monitoring business activities, especially
automated processes; Aggregating, ana- lyzing, and presenting business process
performance
9. Business Intelligence (BI)
Answer: Structure and process that combines information architecture, databases,
analytical tools, reporting tools, and other applications to gather and communicate
business information for strategic and tactical purposes
10. Business Performance Management (BPM)
Answer: Measures and analyzes enter- prise performance, operational and financial, to
,achieve strategic advantages
11. Business Process Management (BPrM)
Answer: Holistic management approach to managing business processes at the enterprise
level to promote efficiency and effec- tiveness, while stressing improvements, innovation,
and integration with technology
12. Commercial Off-the-shelf Software (COTS)
Answer: Software that is published and mage commercially available to the general
public
13. Conceptual Schema
Answer: View of information requirements before it is converted into an actual database;
composite view of all user views / schemas
14. Control Risk
Answer: Risk that a material misstatement will not be detected or prevent- ed by the entity's
internal control on a timely basis; considered individually and in the aggregate with other
misstatements
15. Corruption Schemes
Answer: Set of fraud schemes that involves someone inside the victim organization
working with someone outside the entity to defraud the entity
, 16. Critical Success Factors (CSF)
Answer: Structure and process that measures and analyzes enterprise performance,
operational and financial, to achieve strategic advantages
17. Dashboard
Answer: Visual presentation of information that allows for quick assimilation of the facts,
and understanding of significance or importance of the information
18. Data
Answer: Raw facts; apart from outside manipulation, data is virtually meaningless
19. Data Mart
Answer: Subset of data warehouse database that is useful to one or more users for
reporting or analyzing
20. Data Mining
Answer: Data processing using large data sets and sophisticated data search capabilities
and statistical tools to discover patterns or correlations, or to make predictions based
on historical data.
21. Data Warehouse (DW)
Answer: Data repository of historical and current data
22. Database
