Can you check what are 11 wrong answers? It is answered, but 11 answers are wrong.

1. John and Gus Rigas are associated with:

a. none of these

b. Bernie Madoff

c. international postal reply coupons

d. Adelphia Communications Corporation (answer)

2. The COSO enterprise risk management framework can be useful in:

a. Neither systems audits nor investigative audits.

b. Systems audits.

c. Both systems audits and investigative audits. (answer)

d. Investigative audits.

3. The chapter discussed four schools of ethical thought. Which of the following pairs includes ideas from a single school?

a. Community values cannot change based on circumstances or potential outcomes; people within a community should do what's best for the community as a whole. (answer)

b. Community is more important than individuality; people within a community should do what's best for them individually.

c. Community values cannot change based on circumstances or potential outcomes; people within a community should do what's best for them individually.

d. Community is more important than individuality; people within a community should do what's best for the community as a whole.

4. A systems flowchart:

a. Both can help an auditor understand an organization's business processes as part of the third generic step of a financial statement audit and can help an auditor verify all five financial statement assertions as part of the fourth generic step of a financial statement audit.

b. Can help an auditor verify all five financial statement assertions as part of the fourth generic step of a financial statement audit.

c. Neither can help an auditor understand an organization's business processes as part of the third generic step of a financial statement audit nor can help an auditor verify all five financial statement assertions as part of the fourth generic step of a financial statement audit.

d. Can help an auditor understand an organization's business processes as part of the third generic step of a financial statement audit. (answer)

5. As a tool for understanding human behavior, expectancy theory can be useful in:

a. Accounting information systems.

b. Both accounting information systems and auditing. (answer)

c. Neither accounting information systems nor auditing.

d. Auditing.

6. Which of the following is most reflective of utilitarianism?

a. In making ethical decisions, Annie strives to be true to her basic ethical nature. (answer)

b. Michelle reported fraud she had discovered because she believes that lying is always wrong.

c. Shan agreed to coach as many CPA candidates as possible, in spite of his busy schedule.

d. Jeff inflated his division's sales to get a bigger bonus for himself.

7. Big Data can arise from two broad types of sources. Which of the following best pairs one type with an example?

a. accounting, trial balance

b. marketing, customer preferences

c. All of these

d. digital, query results from a relational database. (answer)

8. McDonald stated that professionals have autonomy of practice. In the accounting profession, autonomy of practice has been limited by:

a. FASb

b. COSO.

c. PCAOb. (answer)

d. All of these.

9. In accounting, ethics issues can arise in:

a. Neither determining the best school of ethical thought nor asset valuation.

b. Both determining the best school of ethical thought and asset valuation. (answer)

c. Determining the best school of ethical thought.

d. Asset valuation.

10. Steps for Better Thinking involves all of the following stages except:

a. Exploring.

b. Prioritizing.

c. Identifying.

d. Thinking. (answer)

11. Which type of audit is a "basket" of the other types?

a. Management

b. Operational

c. Financial

d. International(answer)

12. An investigative auditor wanted to assess employees' motivation for committing fraud. Which of the following tools will be most beneficial to the auditor in that task?

a. Capability maturity model

b. Management audit

c. Document analysis

d. Expectancy theory(answer)

13. Beverly determined that a case she was investigating dealt with embezzling cash, which would impact the company's employees and other groups. Based on the Langenderfer and Rockness model, what should she do next?

a. Talk with a trusted co-worker.

b. Consult the company's code of ethics.

c. Develop a list of alternative actions. (answer)

d. Look up the definition of embezzlement.

14. An auditor is concerned that her company's purchasing process is not functioning as efficiently as possible. Which type of audit will best address her concern?

a. Management

b. Operational(answer)

c. Purchasing

d. Financial

15. Generally accepted auditing standards are divided into three groups. Which of the following is a standard in the "reporting" group?

a. Evidence

b. Training

c. Disclosure(answer)

d. Supervision

16. Ethical egoism and utilitarianism are similar in that both:

a. Both are concerned with "benefits" and place the concerns of individuals above concerns for society. (answer)

b. Neither are concerned with "benefits" nor place the concerns of individuals above concerns for society.

c. place the concerns of individuals above concerns for society.

d. are concerned with "benefits."

17. Big Data can originate:

a. either inside or outside a company.

b. from inside a company only.

c. only from the accounting information system. (answer)

d. from outside a company only.

18. Samantha and Josephine were preparing to start their own clothing business; they contacted their friend David, a recent graduate from Big State University's accounting program, to learn about setting up their accounting information system. As part of ___ in Steps for Better Thinking, David might ask them whether cost or quality is more important.

a. Envisioning

b. Prioritizing(answer)

c. Identifying

d. Exploring

19. Knowledge management is important to the study of accounting information systems because:

a. Neither information technology is an essential part of both knowledge management and AIS nor knowledge is an important asset on the balance sheet. (answer)

b. Knowledge is an important asset on the balance sheet.

c. Information technology is an essential part of both knowledge management and AIS.

d. Both information technology is an essential part of both knowledge management and AIS and knowledge is an important asset on the balance sheet.

20. Causes of information overload include:

a. All of these. (answer)

b. Personal factors.

c. Information characteristics.

d. Organizational design.

21. Samantha and Josephine were preparing to start their own clothing business; they contacted their friend David, a recent graduate from Big State University's accounting program, to learn about setting up their accounting information system. If David uses Steps for Better Thinking to help them set up the system, we can infer that their accounting processes are at the ___ level of the capability maturity model.

A. Chaotic(answer)

b. None of these

c. Repeatable

d. Managed

22. Which of the following generally accepted auditing standards suggests that an auditor should not have a financial interest in an audit client?

a. Disclosure

b. Independence(answer)

c. Professional care

d. Some other standard

23. Following the model presented in the text, the second generic step in a financial statement audit is:

a. Uphold generally accepted auditing standards.

b. Evaluate management's credentials. (answer)

c. Review the internal control system.

d. Assess management's integrity.

24. McDonald identified four criteria to be considered a professional. One of them requires accounting professionals to adopt the ___ school of ethical thought.

a. none of these

b. professional(answer)

c. ethical egoism

d. utilitarian

25. Bell's characteristics of a professional include the ability to think in which of the following ways?

a. All of these(answer)

b. Coherently

c. Logically

d. Rationally