IT Auditing Exam Preparation Guide
Course Introduction
IT Auditing introduces students to the principles, practices, and standards of auditing information systems within organizations. The course covers risk assessment, controls evaluation, audit planning, execution, reporting, and compliance with regulatory frameworks such as COBIT, ISO, and relevant legal requirements. Students learn to assess the effectiveness of IT controls, identify vulnerabilities, and ensure the integrity, confidentiality, and availability of information assets. Practical aspects include audit tools, evidence collection techniques, and the use of audit software, preparing students to support organizational objectives and address contemporary challenges in IT governance and assurance.
Recommended Textbook
Accounting Information Systems 10th Edition by Ulric J. Gelinas
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17 Chapters
2313 Verified Questions
2313 Flashcards
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Chapter 1: Introduction to Accounting Information Systems
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122 Verified Questions
122 Flashcards
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Sample Questions
Q1) Accuracy is the correspondence or agreement between the information and the actual events or objects that the information represents.
A)True
B)False
Answer: True
Q2) The ______________ ________________ is a man-made system consisting of the people,authority,organization,policies,and procedures whose objective is to plan and control the operations of the organization
Answer: management process
Q3) ______________________________ decisions are those for which all three decision phases (intelligence,design,and choice)are relatively routine or repetitive.
Answer: Structured
Q4) Information has understandability when it is capable of making a difference in a decision-making situation..
A)True
B)False
Answer: False
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Chapter 2: Enterprise Systems
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141 Verified Questions
141 Flashcards
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Sample Questions
Q1) In an enterprise system,once a customer order is completed,the purchasing function can be immediately informed that the merchandise has been sold and may need to be replenished.
A)True
B)False
Answer: True
Q2) ______________________________ software automates sales tasks such as order processing,contact management,inventory monitoring,order tracking,and employee performance evaluation.
Answer: Sales force automation (SFA)
SFA
Sales force automation
Q3) Steps in the materials management process include all of the following except A) creating the purchase order
B) shipment
C) receiving
D) recording the vendor invoice
Answer: B
Q4) The first step in the purchase-to-pay process is ______________________________.
Answer: requirements determination
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Chapter 3: Electronic Business E-Business-Systems
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121 Verified Questions
121 Flashcards
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Sample Questions
Q1) Processes that include distribution,manufacturing,and accounting are ______________________________ processes.
Answer: back-office back office
Q2) Web Services includes the following technologies;
A) electronic data interchange (EDI)
B) simple object access protocol (SOAP)
C) electronic document management (EDM)
D) online transaction entry (OLTE)
Answer: B
Q3) In a(n)____ system,use of data entry devices allows business event data to be entered directly into the information system at the time and place the business event occurs
A) online transaction entry (OLTE)
B) online transaction data (OLTD)
C) Periodic
D) electronic document management (EDM)
Answer: A
Q4) ______________________________ is unsolicited unwanted mail.
Answer: Spam
Page 5
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Chapter 4: Documenting Information Systems
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124 Verified Questions
124 Flashcards
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Sample Questions
Q1) When we document a(n)______________________________ system,the central computer will have one data store/disk symbol.
Q2) In a physical data flow diagram (DFD),this is something within the system that transforms data.
A) data flow
B) data store
C) external entity
D) internal entity
Q3) On a logical data flow diagram (DFD),data flows:
A) always go from a higher-numbered to a lower-numbered bubble
B) never go from a higher-numbered to a lower-numbered bubble
C) can go in either direction as needed
D) must go from a bubble to a square
Q4) On a systems flowchart a small circle represents a(n)___________________
Q5) Which of these represent a comprehensive picture of management,operations and information systems?
A) context diagram
B) logical data flow diagram
C) physical data flow diagram
D) systems flowchart
6
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Chapter 5: Database Management Systems
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175 Verified Questions
175 Flashcards
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Sample Questions
Q1) Which of the following is the most likely coding scheme for college courses?
A) hierarchical coding
B) sequential coding
C) block coding
D) mnemonic coding
Q2) Another name for sequential coding is ______________________________ coding.
Q3) The model that only works well for simple data structures is the:
A) hierarchical database model
B) network database model
C) relational database model
D) object-oriented database model
Q4) ______________________________ refers to the exploration,aggregation,and analysis of large quantities of varied data from across the organization.
Q5) An expert system helps make complex decisions consistently.
A)True
B)False
Q6) A(n)______________________________ happens when an attribute is dependent on a portion of the primary key not on the entire key.
Q7) A(n)______________________________ depicts the fields comprising a record. Page 7
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Page 8
Chapter 6: Relational Databases and SQL
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102 Verified Questions
102 Flashcards
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Sample Questions
Q1) The customer street address is often used as the key attribute in an REA diagram.
A)True
B)False
Q2) A(n)____ is an item of data that characterizes an entity or relationship.
A) agent
B) composite attribute
C) attribute
D) instance
Q3) ____ specifies that for every attribute value in one relation that has been specified in order to allow reference to another relation,the tuple being referenced must remain intact.
A) Cardinality constraint
B) Participation constraint
C) Referential integrity
D) Economic constraint
Q4) A recursive relationship is created when there is an employee being supervised,and another employee is the supervisor.
A)True
B)False
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Chapter 7: Controlling Information Systems: Introduction to
Enterprise Risk Management and Internal Control
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159 Verified Questions
159 Flashcards
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Sample Questions
Q1) The control goal of ensuring input materiality strives to prevent fictitious items from entering an information system.
A)True
B)False
Q2) According to the 2012 Report to the Nation on Occupational Fraud and Abuse,frauds are more likely to be detected by audits or internal controls than through tips.
A)True
B)False
Q3) Management selects risk ________________________avoiding,accepting,reducing or sharing risk - developing a set of actions to align risks with the entity's risk tolerances and risk appetite.
Q4) A fraud is a deliberate act or untruth intended to obtain unfair or unlawful gain.
A)True B)False
Q5) The section of Sarbanes Oxley that requires a company's CEO and CFO to certify quarterly and annual reports is ______________________________.
Q6) ______________________________ is the possibility that an event will occur.
Page 10
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Chapter 8: Controlling Information Systems: Introduction to Pervasive Controls
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159 Verified Questions
159 Flashcards
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Sample Questions
Q1) Intrusion-prevention systems (IPS)actively block unauthorized traffic using rules specified by the organization.
A)True
B)False
Q2) Which of the following control plans is not a retention control plan?
A) creative and challenging work opportunities
B) occasional performance evaluations
C) competitive reward structure
D) viable career paths
Q3) Systems documentation provides an overall description of the application,including the system's purpose;an overview of system procedures;and sample source documents,outputs,and reports.
A)True
B)False
Q4) ______________________________ are particularly important because they operate across all business processes and affect a company's capability to meet a multitude of control goals.
Q5) The ______________________________ actively blocks unauthorized traffic using rules specified by an organization.
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Chapter 9: Controlling Information Systems: Business
Process and Application Controls
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134 Verified Questions
134 Flashcards
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Sample Questions
Q1) Master data control plans regulate transaction processing by calculating control totals at various points in a processing run and subsequently comparing these totals. A)True
B)False
Q2) In order to implement a batch sequence check transactions must be captured on documents that are randomly numbered.
A)True
B)False
Q3) The ______________________________ provides input control in those situations in which the serial numbers are assigned within the organization but are not entered in perfect serial number sequence.
Q4) ______________________________ represent a summarization of any numeric data field within the input document or record.
Q5) The manager of shipping reviews a file of open sales orders-items to be shipped today-to determine that all shipments are made in a timely manner.The file of open sales orders is called a(n)______________________________.
Q6) In the control matrix the P stands for ______________________________ controls.
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Chapter 10: The Order Entrysales Oesprocess
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133 Verified Questions
133 Flashcards
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Sample Questions
Q1) ______________________________ master data contains a record of each item that is stocked in the warehouse or regularly ordered from a vendor.
Q2) Vendor acknowledgements are sent to vendors to notify them that their orders have been accepted and to inform them of the expected delivery date.
A)True
B)False
Q3) Sell-side systems use the Internet to automate and manage corporate vendors and purchases.
A)True
B)False
Q4) In the E-R diagram for OE/S,STOCK_PICK triggers the SALES_INVOICES.
A)True
B)False
Q5) A bill of lading is the document representing the contract between the shipping company and the common carrier.
A)True
B)False
Q6) In the ER diagram for OE/S,SHIPMENTS generates
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Chapter 11: The Billingaccounts Receivablecash Receipts
Barcrprocess
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134 Verified Questions
134 Flashcards
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Sample Questions
Q1) In a B/AR/CR process,which of the following data stores is least likely to interact with a process called "perform billing"?
A) vendor master data
B) customer master data
C) accounts receivable master data
D) sales event data
Q2) Which of the following segregation of duties is not required for the B/AR/CR business process controls to be effective?
A) price authorization and billing
B) treasury and controllership
C) bank reconciliation and cash receipts
D) all of these are required for effective control
Q3) When customers pay with a(n)______________________________ card,float is eliminated.
Q4) Deposit slips are usually generated by the B/AR/CR process:
A) at the time invoices are prepared
B) by manual procedures
C) electronically
D) as part of processing cash receipts
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Chapter 12: The Purchasing Process
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140 Verified Questions
140 Flashcards
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Sample Questions
Q1) A(n)______________________________ copy of a document is one in which selected data are blanked out so that persons receiving that copy will not have access to the data.
Q2) To prevent duplicate purchase requests and to allow the requesting department to ensure that a purchase order has been created,the purchasing department should ______________________________.
Q3) ______________________________ means that before a receipt can be accepted and recorded,the receipt data should be compared with the PO master data to determine that an approved PO,prepared by someone other than receiving personnel,is on file.
Q4) Purchasing personnel use the ______________________________ data to identify potential suppliers that have been approved for use by the organization.
Q5) The document used to record merchandise receipts is called a purchasing report. A)True B)False
Q6) The document used to record merchandise receipts is called a(n)______________________________.
Q7) A(n)______________________________ is an external request for the purchase of goods or services from a vendor.
Page 15
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Chapter 13: The Accounts Payablecash Disbursements
Apcdprocess
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118 Verified Questions
118 Flashcards
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Sample Questions
Q1) In a relational table for VALID_INVOICES,the primary key would be the vendor number.
A)True
B)False
Q2) Which of the following documents would be matched with the vendor invoice to ensure that the purchase was authorized (i.e. ,to ensure input validity)?
A) receiving report
B) acceptance report
C) purchase order
D) vendor packing slip
Q3) The trigger for either a true voucher process or a nonvoucher process is a payment request.
A)True
B)False
Q4) Chapter 13 describes the electronic invoicing and payment (EIPP)system for the B2C environment.
A)True
B)False
Q5) The ______________________________ triggers the "make payment" process.
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Chapter 14: The Human Resources Process Hrmanagement and Payroll Processes
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121 Verified Questions
121 Flashcards
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Sample Questions
Q1) Moving from bi-weekly to monthly payroll can reduce costs by 30 to 50 percent.
A)True
B)False
Q2) Including HR data within the enterprise system allows sharing of common data providing benefits except:
A) creating a single source for obtaining HR information
B) increased data redundancy
C) improving data accuracy
D) ensuring data integrity and consistency
Q3) With an enterprise system,updates of employee/payroll master data is performed by:
A) various departments
B) employees
C) computer
D) HR department
Q4) The ______________________________ is an account used solely for payroll purposes.Funds are transferred into the account to cover payroll checks to be issued.
Q5) The manager of ______________________________ handles employee complaints.
Q6) The GL supervisor usually reports to the ______________________________. Page 17
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Page 18
Chapter 15: Integrated Production Processes IPP
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118 Verified Questions
118 Flashcards
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Sample Questions
Q1) JIT is a manufacturing philosophy or business strategy for designing production processes that are more responsive to precisely timed customer delivery requirements.
A)True
B)False
Q2) With the pull approach to manufacturing,factory machinery is arranged in ______________________________.
Q3) The inventory production schedule is a statement of specific production goals developed from forecasts of demand,actual sales orders,or inventory information.
A)True
B)False
Q4) ______________________________ are the sum of costs to design,produce,market,deliver,and support a product from conception to ultimate discontinuance.
Q5) ______________________________ is the application of computer and communications technology to improve productivity by linking computer numerical control (CNC)machines,monitoring production,and providing automatic feedback to control operations.
Q6) A(n)______________________________ is a group of similar workstations.
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Chapter 16: The General Ledger and Business Reporting
Glbrprocess
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106 Verified Questions
106 Flashcards
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Sample Questions
Q1) The ______________________________ is a standard-setting body,located in London,with the objective of developing globally accepted international financial reporting standards (IFRS).
Q2) The source code field of each GL entry provides a beginning point of reference for developing a proper chart of accounts.
A)True
B)False
Q3) Limitations of the general ledger approach include the following:
A) combining of financial and non-financial information
B) purging of detailed event level data
C) use of a chart of accounts
D) inability to conform to GAAP
Q4) Which of the following advises and assists the cost center,profit center,and investment center managers in preparing the budget?
A) the financial reporting officer
B) the budgeting department
C) the treasurer
D) the managerial reporting officer
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Chapter 17: Acquiring and Implementing Accounting Information Systems
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206 Verified Questions
206 Flashcards
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Sample Questions
Q1) Outsourcing is a term that describes an organization's assigning any of its internal functions (e.g. ,accounting,legal,or IT)to an outside vendor.
A)True
B)False
Q2) The approved systems design document documents the system design and summarizes the implementation training and test plans.
A)True
B)False
Q3) The first analysis deliverable,the logical specification,is used in systems selection to choose the appropriate software to be acquired from external sources.
A)True
B)False
Q4) The physical requirements of a proposed system would include all of the following except:
A) functional layouts for computer inquiry screens and reports
B) user requirements
C) response times
D) workload and volume
21
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