ACC 403 Quiz 6 Chapters 12-13 Week 8

ACC 403 - Quiz 6 – 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:
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• Question 5
2 out of 2 points
 
  In an IT system, automated equipment controls or hardware controls are designed to:
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• 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?
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• 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:
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• 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:
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• Question 19
2 out of 2 points
 
  Analytical procedures must be performed in:
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• 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:
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• 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:
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• 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