1. an audit trail in a traditional manual general ledger architecture would include

a. A source document number

b. A posting reference in the ledger

c. The account number

d. All of the above

2. substantive tests would include

a. Examining the safety deposit box for the existence of stock certificate for the stock owned as an investment by a company

b. Reviewing systems documentation

c. Completing questionnaires

d. Interviewing employees to determine if separation of duties is in place

3. which of the following is not true of an ITF

a. It involves including one or more automated audit modules designed into the application program to discriminate ITF to test transaction

b. It enables the auditor to examine the controls in a application during normal processing

c. Using an ITF the auditor Interes test transaction along with actual transactions during normal processing

d. It is an around the computer audit technique

e. It provides the opportunity to carry out continuous auditing of the application program

4. Which of the following would not be classified as financial transaction

a. Exchanges of resources between the reporting firm and outside parties

b. Exchanges of obligation between the reporting firm and outside parties

c. Internal events within a firm that affect its resources and obligations but do not involves outside parties

d. Agreements for future exchanges of resources or obligations between the reporting firm and outside parties excluding contingent liabilities