Information System Audit – Accounting And Finance

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Information System Audit – Accounting And Finance

The key terms in these Finance chapters include Information System Audit.


An auditor might use ________ to examining large data files.

SQL

IDEACorrect

Access

Excel


Andile Uzoma is the CEO of Chibuzo Incorporated. The board of directors has recently demanded that they receive more assurance that Chibuzo Incorporated is operating in an efficient, effective manner. Which type of audit would best suit the demands of the board of directors?

Sustainability audit.

Financial audit.

Information system audit.

Operational audit.Correct


Andile Uzoma is the CEO of Chibuzo Incorporated. The board of directors has recently demanded that they receive more assurance that internal controls surrounding the company’s information system are effective. Which type of audit would best suit the demands of the board of directors?

Operational audit.

Financial audit.

Information system audit.Correct

Sustainability audit.


An electronic document that certifies the identity of the owner of a particular public key.

Public key.

Digital signature.

Digital certificate.Correct

Asymmetric encryption.


________ tests a numerical amount to ensure that it does not exceed a predetermined value nor fall below another predetermined value.

Limit check

Completeness check

Field check

Range checkCorrect


An auditor might use ________ to examining large data files.

SQL

IDEACorrect

Access

Excel


Andile Uzoma is the CEO of Chibuzo Incorporated. The board of directors has recently demanded that they receive more assurance that Chibuzo Incorporated is operating in an efficient, effective manner. Which type of audit would best suit the demands of the board of directors?

Sustainability audit.

Financial audit.

Information system audit.

Operational audit.Correct


Andile Uzoma is the CEO of Chibuzo Incorporated. The board of directors has recently demanded that they receive more assurance that internal controls surrounding the company’s information system are effective. Which type of audit would best suit the demands of the board of directors?

Operational audit.

Financial audit.

Information system audit.Correct

Sustainability audit.


A ________ determines the correctness of the logical relationship between two data items.

reasonableness testCorrect

field check

alpha-numeric check

range check


Adjusting entries that are made to recognize revenue that has been received but not yet earned are classified as

accruals.

revaluations.

deferrals.Correct

estimates.


Not all journal entries affect cash flow. Adjusting entries that reflect events that have already occurred, but have no effect on cash, are classified as

revaluations.

corrections.

accruals.Correct

deferrals.


XBRL stands for

extensible business reporting language.Correct

external business reporting ledgers.

external business reporting language.

extensive business report logic.


An auditor might use ________ to examining large data files.

SQL

IDEACorrect

Access

Excel


Andile Uzoma is the CEO of Chibuzo Incorporated. The board of directors has recently demanded that they receive more assurance that Chibuzo Incorporated is operating in an efficient, effective manner. Which type of audit would best suit the demands of the board of directors?

Sustainability audit.

Financial audit.

Information system audit.

Operational audit.Correct


Andile Uzoma is the CEO of Chibuzo Incorporated. The board of directors has recently demanded that they receive more assurance that internal controls surrounding the company’s information system are effective. Which type of audit would best suit the demands of the board of directors?

Operational audit.

Financial audit.

Information system audit.Correct

Sustainability audit.


Not all journal entries affect cash flow. Adjusting entries that reflect events that have already occurred, but have no effect on cash, are classified as

revaluations.

corrections.

accruals.Correct

deferrals.


XBRL stands for

extensible business reporting language.Correct

external business reporting ledgers.

external business reporting language.

extensive business report logic.


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