CISA Exam CORRECT 100%
Who should approve the audit charter of an organization? - ANSWERSenior
Management
What should the content of an audit charter be? - ANSWERThe scope, authority,
and responsibilities of the audit function
What is the primary reason for the audit function directly reporting to the audit
committee? - ANSWERThe audit function must be independent of the business
function and should have direct access to the audit committee of the board
what does the information systems audit provide? - ANSWERReasonable assurance
of coverage of material items
What is the prime reason for review of an organization chart? - ANSWERTo
understand the authority and responsibility of individuals
The actions of an IS auditor are primarily influenced by - ANSWERAudit Charter
Which document provides the overall authority for an auditor to perform an audit -
ANSWERAudit Charter
What is the first step of an audit project - ANSWERto develop an audit plan
What is the primary reason for a functional walkthrough? - ANSWERTo understand
the business process
What is the major concern in the absence of established audit objectives? -
ANSWERNot be able to determine key business risks
What is the primary objective for performing risk assessment prior to the audit -
ANSWERAllocate audit resources to areas of high risks
What is the step of the audit planning phase? - ANSWERConducting a risk
assessment to determine the areas of high risk
what is the objective of key verification control? - ANSWERKey verification is a
method where data is entered a second time and compared with the initial data entry
to ensure that the data entered is correct. this is generally used in EFT transactions,
where another employee re-enters the same data to perform this check before any
money is transferred
what is the objective of non-repudiation? - ANSWERNon-repudiation ensures that a
transaction is enforceable and that the claimed sender cannot later deny generating
and sending the message.
Who should approve the audit charter of an organization? - ANSWERSenior
Management
What should the content of an audit charter be? - ANSWERThe scope, authority,
and responsibilities of the audit function
What is the primary reason for the audit function directly reporting to the audit
committee? - ANSWERThe audit function must be independent of the business
function and should have direct access to the audit committee of the board
what does the information systems audit provide? - ANSWERReasonable assurance
of coverage of material items
What is the prime reason for review of an organization chart? - ANSWERTo
understand the authority and responsibility of individuals
The actions of an IS auditor are primarily influenced by - ANSWERAudit Charter
Which document provides the overall authority for an auditor to perform an audit -
ANSWERAudit Charter
What is the first step of an audit project - ANSWERto develop an audit plan
What is the primary reason for a functional walkthrough? - ANSWERTo understand
the business process
What is the major concern in the absence of established audit objectives? -
ANSWERNot be able to determine key business risks
What is the primary objective for performing risk assessment prior to the audit -
ANSWERAllocate audit resources to areas of high risks
What is the step of the audit planning phase? - ANSWERConducting a risk
assessment to determine the areas of high risk
what is the objective of key verification control? - ANSWERKey verification is a
method where data is entered a second time and compared with the initial data entry
to ensure that the data entered is correct. this is generally used in EFT transactions,
where another employee re-enters the same data to perform this check before any
money is transferred
what is the objective of non-repudiation? - ANSWERNon-repudiation ensures that a
transaction is enforceable and that the claimed sender cannot later deny generating
and sending the message.
