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
IDEA – Correct
Access
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 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 check – Correct
An auditor might use ________ to examining large data files.
SQL
IDEA – Correct
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 test – Correct
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
IDEA – Correct
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.