Accounting Information Systems Essay Questions III

Answer all seven of the following questions.

1. List and discuss the four different perspectives of the Balanced Scorecard Framework as they relate to a firm’s strategy and achieving shareholder value.

2. List and discuss the five phases of the systems development life cycle.

3. Define and give an example of each:

   a. Preventive Controls

   b. Detective Controls

   c. Corrective Controls

   d. General Controls

   e. Application Controls

4. List and explain the four options of risk response as indicated by COSO ERM.

5. List the five common computer frauds identified by the text. Also, list the key steps of computer fraud risk assessment identified by the text.

6. List and explain the three objectives and five components of internal control.

7. Define “continuous auditing” and describe three key benefits of continuous auditing.