Strayer acc403 week 8 quiz

Strayer acc403 week 8 quiz

Question 1

2 out of 2 points

In an IT system, automated equipment controls or hardware controls are designed to:

Question 2

2 out of 2 points

A database management system:

Question 3

2 out of 2 points

Old and new systems operating simultaneously in all locations is a test approach known as:

Question 4

2 out of 2 points

Security controls should require that users enter a(n) ________ before being allowed access to software and other related data files.

Question 5

2 out of 2 points

________ is not a risk specific to the IT environments.

Question 6

2 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 7

2 out of 2 points

One of the unique risks of protecting hardware and data is:

Question 8

2 out of 2 points

Which of the following computer-assisted auditing techniques inserts an audit module in the client’s application system to identify specific types of transactions?

Question 9

2 out of 2 points

The most important output control is:

Question 10

2 out of 2 points

An example of a physical control is:

Question 11

2 out of 2 points

The auditor’s objective in determining whether the client’s automated controls can correctly handle valid and invalid transactions as they arise is accomplished through the:

Question 12

2 out of 2 points

Programmers should be allowed access to:

Question 13

2 out of 2 points

Which of the following controls prevent and detect errors while transaction data are processed?

Question 14

2 out of 2 points

The approach to auditing where the auditor does not test automated controls to reduce assessed control risk is called:

Question 15

2 out of 2 points

Output controls need to be designed for which of the following data integrity objectives?

Question 16

2 out of 2 points

Which of the following procedures would most likely be performed in response to the auditor’s assessment of the risk of monetary misstatements in the financial statements?

Question 17

2 out of 2 points

An exception or deficiency found in a test of controls:

Question 18

2 out of 2 points

The document that details the specific audit procedures for each type of test is the:

Question 19

2 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 20

2 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 21

2 out of 2 points

Many auditors perform extensive analytical procedures on audits because:

Question 22

2 out of 2 points

An increased extent of tests of controls is most likely to occur when:

Question 23

2 out of 2 points

The purpose of tests of controls is to provide reasonable assurance that the:

Question 24

2 out of 2 points

A system walkthrough is primarily used to help the auditor:

Question 25

2 out of 2 points

Which of the following tests commonly occur together?

Question 26

2 out of 2 points

In the context of an audit of financial statements, substantive tests are audit procedures that:

Question 27

2 out of 2 points

Risk assessment procedures are performed by auditors during an audit in order to:

Question 28

2 out of 2 points

Collectively, procedures performed to obtain an understanding of the entity and its environment, including internal controls, represent the auditor’s:

Question 29

2 out of 2 points

You are auditing Rodgers and Company. After performing substantive analytical procedures you conclude that, for the accounts tested, the client’s balance appears reasonable. This may indicate that:

Question 30

2 out of 2 points

 

Which of the following audit tests is usually the least costly to perform?

Strayer acc403 week 8 quiz