Anjis

Question 1 In regard to data base backup the auditor's objective is to verify that the database controls are adequate to facilitate the recovery of lost, destroyed or corrupted data True False Question 2 A user’s application may consist of several modules stored in separate memory locations, each with its own data. One module must not be allowed to destroy or corrupt another module. This is an objective of operating system controls data resource controls computer center and security controls ...

Question 1 Which of the following is not a disaster recovery techniques? empty shell Recovery Operations Center (ROC) internally provided backup All of the above are disaster recovery techniques Question 2 2 out of 2 points Which of the following is NOT a control implication of distributed data processing? redundancy user satisfaction incompatibility lack of standards Question 3 When management outsources IT they also are able to outsource their management responsibility under SOX for ensuring a...

Question 1 When implementing a new system, the costs associated with transferring data from one storage medium to another is an example of a data conversion cost. True False Question 2 All of the following are reasons why new systems fail except The user is not involved in the development of the system. The system requirements are not clearly specified. The systems analysts rely on prototyping models. The systems analyst did not fully understand the business problem. Question 3 The degree of com...

Question 1 Which of the following is least likely to be an accountant’s role in the SDLC? user consultant auditor programmer all of these are likely roles Question 2 Which of the following steps is NOT considered to be part of this systems survey? Interviews are conducted with operating people and managers The complete documentation of the system is obtained and reviewed Measures of processing volume are obtained for each operation Equipment sold by various computer manufacturers is reviewed i...

Question 1 FRS is an acronym for Federal Reporting System. True False Question 2 MRS is an acronym for Management Reporting System. True False Question 3 Management reporting is often called discretionary reporting because it is not mandated as is financial reporting. True False Question 4 A company with a wide span of control tends to have relatively more layers of management. True False Question 5 The FRS is the Futures Recognition System. True False Question 6 The employee who maintains the c...

Question 1 Which statement below best describes an investment center? The authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply, and significant control over the amount of invested capital The authority to make decisions over the most significant costs of operations, including the power to choose the sources of supply The authority to provide specialized support to other units within the organization The responsibi...

Question 1 The documents in a voucher packet include all of the following except a check a purchase order an invoice a receiving report Question 2 The greatest advantage of the automated inventory system over its manual counterpart is improved ability to manager inventory needs True False Question 3 Vendors approved by an organization are maintained in a valid vendor file. Insuring that vendors used are in the valid vendor file will insure the most competitive price will be obtained False True Q...

Question 1 Which type of control is considered a compensating control? segregation of duties access control supervision accounting records Question 2 In regard to the bill of lading which of the following is false? The shipping clerk normally prepares the bill of lading It is a formal contract between the seller and the shipping company It establishes legal ownership and responsibility for assets in transit It is completed before the packing slip and shipping notice Question 3 The bill of lading...

Question 1 All the following are factors in the fraud triangle except Ethical behavior of an individual (rationalization) Pressure exerted on an individual at home and job related Materiality of the assets Opportunity to gain access to assets Question 2 0 out of 0 points Which of the following best describes lapping? applying cash receipts to a different customer’s account in an attempt to conceal previous thefts of funds inflating bank balances by transferring money among different bank accou...

Question 1 Directing work-in-process through its various stages of manufacturing is part of the conversion cycle. True False Question 2 Real time systems process transactions individually at the moment the event occurs. There are no time lags between occurence and recording. True False Question 3 Management is responsible for evaluating and reporting on a company's controls. True False Question 4 Bat Batch processing of non-critical accounts improves operational efficiency. True False Question 5...