ACC/403 ACC403 ACC 403 WEEK 8 QUIZ

The continued integration of IT in accounting systems can impact a company by:

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

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

________ is not a risk specific to the IT environments.

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

Which of the following tests determines that every field in a record has been completed?

A ________ is responsible for controlling the use of computer programs, transaction files and other computer records and documentation and releases them to the operators only when authorized.

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

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

An internal control deficiency occurs when computer personnel:

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

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

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:

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

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?

Management implements internal controls to ensure that all required footnote disclosures are accurate. Auditors tests those controls to provide evidence supporting the ________ presentation.

The auditor would design which of the following audit tests to detect possible monetary errors in the financial statements?

Risk assessment procedures are performed by auditors during an audit in order to:

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?

An increased extent of tests of controls is most likely to occur when:

The primary emphasis in most tests of details of balances is on the:

Presentation and disclosure related audit objectives would be performed in which phase of the audit process?

An exception or deficiency found in a test of controls:

A system walkthrough is primarily used to help the auditor:

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:

Analytical procedures must be performed in:

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

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

A procedure designed to test for monetary misstatements directly affecting the correctness of financial statement balances is a:

If no material differences are found using analytical procedures and the auditor concludes that misstatements are not likely to have occurred: