QUESTION 11

1. Goals of ERP include all of the following except

   	a.	improved customer service
   	b.	improvements of legacy systems
   	c.	increased production
   	d.	reduced production time

3 points

QUESTION 12

1. Which of the following is usually not part of an ERPs core applications?

   	a.	sales and distribution applications
   	b.	OLTP applications
   	c.	business planning applications
   	d.	OLAP applications

3 points

QUESTION 13

1. Legacy systems are

   	a.	flat file mainframe systems developed before client-server computing became standard
   	b.	advanced systems without a data warehouse
   	c.	stable database systems after debugging
   	d.	old manual systems that are still in place

3 points

QUESTION 14

1. Supply chain management software

   	a.	cannot be integrated into an overall ERP
   	b.	none of the above
   	c.	is typically under the control of external partners in the chain
   	d.	links all of the partners in the chain, including vendors, carriers, third-party firms, and information systems providers

3 points

QUESTION 15

1. Which of the following is not a risk associated with ERP implementation?

   	a.	choosing the wrong consultant
   	b.	opposition to changes in the business culture
   	c.	choosing the wrong ERP
   	d.	All of these are risks associated with ERP implementations.

3 points

QUESTION 16

1. The big bang approach

   	a.	is a popular alternative to the phased-in approach
   	b.	reduces the chance of system failure
   	c.	is more ambitious and risky than the phased-in approach
   	d.	all of the above

3 points

QUESTION 17

1. The fundamental difference between internal and external auditing is that

   	a.	internal auditors perform IT audits and external auditors perform financial statement audits
   	b.	internal auditors represent the interests of the organization and external auditors represent outsiders
   	c.	internal auditors focus on financial statement audits and external auditors focus on operational audits and financial statement audits
   	d.	external auditors assist internal auditors but internal auditors cannot assist external auditors

3 points

QUESTION 18

1. Internal auditors assist external auditors with financial audits to

   	a.	represent the interests of management
   	b.	None of the above. Internal auditors are not permitted to assist external auditors with financial audits.
   	c.	ensure independence
   	d.	reduce audit fees

3 points

QUESTION 19

1. Which statement is not correct?

   	a.	The most important element in determining the level of materiality is the mathematical formula.
   	b.	Auditors express an opinion in their audit report.
   	c.	Auditors compare evidence to established criteria.
   	d.	Auditors gather evidence using tests of controls and substantive tests.

3 points

QUESTION 20

1. All of the following are steps in an IT audit except

   	a.	substantive testing
   	b.	tests of controls
   	c.	audit planning
   	d.	post-audit testing