TRUE / FALSE QUESTIONS Select the correct answer (TRUE/FALSE) from the options available. Indicate your answer on the Answer book. provided. For example: 2.1 FALSE Each question is worth two (2) marks. Please provide a reason for your answer as follows:

1.1 True. Reason. QUESTION 2 (10 marks)

2.1 Application software comprises the physical components of an information system. Hardware includes, for example central processing units (CPUs') servers, workstations and terminals, computer chips, input/output devices such as scanners and printers, storage devices such as disc drives and IAU2246 Page 6 of 13 communication devices such as modems and routers.

2.2 Masterfile is used as input controls with batch processing. Source documents are grouped into separate batches of, say 50, and control totals are manually computed for each batch. When all records have been entered, the computer calculates its own control totals based on what has been keyed in and compares these totals to the manually computed totals calculated earlier. Control totals may either be financial totals (totals of any fields holding monetary amounts), hash totals (totals of any numeric fields e.g. Invoice number) and/or record counts (the number of records in the batch, e.g. 50 invoices).

2.3 The scope of an audit engagement refers specifically to the nature, timing and extent of audit procedures to be performed during the engagement.

2.4 The internal audit activity evaluates and contributes to the improvement of risk management, control and governance systems.

2.5 On completion of all the preparations, the internal auditor will commence gathering the required additional information on the structure, regulations and operations of the auditee.

Please can you answer all 5 my questions, please.

Thanking you in advance