Quiz B 7 Auditing

Quiz B 7 Auditing - data approach? Value % Score: 0/1 5....

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View Attempt 1 of 1 Title: M07B Started: April 21, 2009 1:36 PM Submitted: April 21, 2009 2:28 PM Time spent: 00:51:58 Total score: 7/10 = 70% Total score adjusted by 0.0 Maximum possible score: 10 1. A primary advantage of using generalized audit packages in the audit of an advanced IT system is that it enables the auditor to Student Response Value Correct Answer Feedback a. Substantiate the accuracy of data through self- checking digits and hash totals 0% b. Utilize the speed and accuracy of the computer 100% c. Verify the performance of machine operations which leave visible evidence of occurrence 0% d. Gather and store large quantities of supportive evidential matter 0%
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in machine readable form Score: 0/1 2. Management's written representations concerning internal control are: Value % Score: 1/1 3. Which of the following statements is false? Value %
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Score: 1/1 4. When testing a computerized accounting system, which of the following is not true of the test
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Unformatted text preview: data approach? Value % Score: 0/1 5. According to the COSO definition of safeguarding of assets: Value % Score: 1/1 6. The main goal of auditing internal control is: Value % Score: 0/1 7. Which of the following is the least likely to represent a material weakness in internal control for Flynt Corporation? Value % Score: 1/1 8. According to the PCAOB, who is responsible for designing the internal controls over financial reporting process of an entity? Value % Score: 1/1 9. The person in charge of authorizing credit to customers does not properly understand what constitutes a credit risk. This is an example of Value % Score: 1/1 10. An auditor will use the IT test data method in order to gain certain assurances with respect to the Value % Score: 1/1 Done...
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This document was uploaded on 11/26/2010.

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Quiz B 7 Auditing - data approach? Value % Score: 0/1 5....

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