Exam (elaborations)
Test Bank for Information Technology Auditing 4th Edition by James A. Hall A+ ..
- Course
- Institution
- Book
Test Bank for Information Technology Auditing 4th Edition by James A. Hall A+ ..
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Test Bank for Information Technology Auditing 4th Edition by James Hall, ISBN: 9781133949886, All 12 Chapters Covered, Verified Latest Edition
-
Test Item File- Practice Test Bank - Information Technology Auditing,Hall,4e
-
Test Bank for Information Technology Auditing, 4th Edition by James A. Hall ISBN 13 978-1133949886
Seller
Follow
ASolution
Reviews received
Content preview
Created By: A SolutionTest Bank for Information Technology Auditing 4th
Edition by James A. Hall A+
Chapter 1—Auditing and Internal Control
TRUE/FALSE
1. Corporate management (including the CEO) must certify monthly and annually their
organization’s internal controls over financial reporting.
ANS: F PTS: 1
2. Both the SEC and the PCAOB require management to use the COBIT framework for
assessing internal control adequacy.
ANS: F PTS: 1
3. Both the SEC and the PCAOB require management to use the COSO framework for
assessing internal control adequacy.
ANS: F PTS: 1
4. A qualified opinion on management’s assessment of internal controls over the financial
reporting system necessitates a qualified opinion on the financial statements?
A+ Page 1
,Created By: A Solution
ANS: F PTS: 1
5. The same internal control objectives apply to manual and computer-based information
systems.
ANS: T PTS: 1
6. The external auditor is responsible for establishing and maintaining the internal control
system.
ANS: F PTS: 1
7. Segregation of duties is an example of an internal control procedure.
ANS: T PTS: 1
8. Preventive controls are passive techniques designed to reduce fraud.
ANS: T PTS: 1
A+ Page 2
,Created By: A Solution
9. A key modifying assumption in internal control is that the internal control system is the
responsibility of management.
ANS: T PTS: 1
10. While the Sarbanes-Oxley Act prohibits auditors from providing non-accounting services
to their audit clients, they are not prohibited from performing such services for non-audit clients
or privately held companies.
ANS: T PTS: 1
11. The Sarbanes-Oxley Act requires the audit committee to hire and oversee the external
auditors.
ANS: T PTS: 1
12. Section 404 requires that corporate management (including the CEO) certify their
organization’s internal controls on a quarterly and annual basis.
ANS: F PTS: 1
13. Section 302 requires the management of public companies to assess and formally report
on the effectiveness of their organization’s internal controls.
A+ Page 3
, Created By: A Solution
ANS: F PTS: 1
14. Application controls apply to a wide range of exposures that threaten the integrity of all
programs processed within the computer environment.
ANS: F PTS: 1
15. Advisory services is an emerging field that goes beyond the auditor’s traditional
attestation function.
ANS: T PTS: 1
16. An IT auditor expresses an opinion on the fairness of the financial statements.
ANS: F PTS: 1
17. External auditing is an independent appraisal function established within an organization
to examine and evaluate its activities as a service to the organization.
ANS: F PTS: 1
A+ Page 4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ASolution. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79879 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now