1. Some capabilities of electronic workpapers are to:

   		Generate Trail Balances
   		Make Adjusting Entries
   		Perform Consolidations
   		All the above

10 points

QUESTION 2

1. A test program change controls begins with an inspection of the documentation maintained by the information processing subsystem.

   True

   False

10 points

QUESTION 3

1. The more confidence auditors have that the data input are processed accurately in a computer based system, the:

   		less substantive testing they perform
   		more substantive testing they perform
   		substantive testing does not change
   		None of the above

10 points

QUESTION 4

1. The value of an internal control procedure is a function of its ability to reduce:

   		Business Risk
   		Data errors
   		System inefficiencies
   		Fraud

10 points

QUESTION 5

1. After examining general and application controls in some detail, auditors will perform ____ testing to ensure that the controls are in place and working as prescribed.

   		Compliance
   		Efficiency
   		Completeness
   		Risk

10 points

QUESTION 6

1. Internal auditors can more easily specialize in knowledge about their organizations, hardware, operating system platform, and application programs.

   True

   False

10 points

QUESTION 7

1. The assurance aspect of IT auditing involves ensuring that data and information are:

   		Reliable
   		Confidential
   		Secure
   		All the above

10 points

QUESTION 8

1. The most important skills that auditors require are:

   		People Skills
   		Accounting Skills
   		Technology Skills
   		Culinary Skills

10 points

QUESTION 9

1. The IT audit function encompasses all of the following components of a computer based AIS except:

   		Information
   		People
   		Processes
   		Networks

10 points

QUESTION 10

1. System software controls include:

   		Operating System Program
   		Utility Programs
   		RAM Programs
   		Both A and B