Strayer ACC 403 Quiz 6 Chapters 12-13 Week 8 (2014)

ACC 403 – Quiz 6 – Week 8• Question 12 out of 2 points A control that relates to all parts of the IT system is called a(n): • Question 22 out of 2 points Controls which are designed to assure that the information processed by the computer is authorized, complete, and accurate are called: • Question 32 out of 2 points Auditors should evaluate which of the following before evaluating application controls because of the potential for pervasive effects? • Question 42 out of 2 points The most important output control is: • Question 52 out of 2 points In an IT system, automated equipment controls or hardware controls are designed to: • Question 62 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? • Question 72 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. • Question 82 out of 2 points Which of the following is a component of general controls? • Question 92 out of 2 points Output controls need to be designed for which of the following data integrity objectives? • Question 102 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: • Question 112 out of 2 points Controls which are built in by the manufacturer to detect equipment failure are called: • Question 122 out of 2 points Old and new systems operating simultaneously in all locations is a test approach known as: • Question 132 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: • Question 142 out of 2 points Which of the following controls prevent and detect errors while transaction data are processed? • Question 152 out of 2 points The approach to auditing where the auditor does not test automated controls to reduce assessed control risk is called: • Question 162 out of 2 points At what point in the audit process are tests of details most appropriately designed? • Question 172 out of 2 points Which of the following audit tests is usually the least costly to perform? • Question 182 out of 2 points Tests of controls are directed toward the control’s: • Question 192 out of 2 points Analytical procedures must be performed in: • Question 202 out of 2 points If tests of controls support the control risk assessment, then ________ in the audit risk model is increased. • Question 212 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? • Question 222 out of 2 points A system walkthrough is primarily used to help the auditor: • Question 230 out of 2 points An exception or deficiency found in a test of controls: • Question 242 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? • Question 252 out of 2 points Many auditors perform extensive analytical procedures on audits because: • Question 262 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? • Question 272 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: • Question 282 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. • Question 292 out of 2 points Which of the following is ordinarily designed to detect material dollar errors on the financial statements? • Question 302 out of 2 points Transaction related audit objectives would most likely be performed in which phase of the audit process?