Question
Which of the following options is/are correct with respect to flowcharts? A flowchart is an analytical technique used to describe some aspect of an information
Which of the following options is/are correct with respect to flowcharts?
A flowchart is an analytical technique used to describe some aspect of an information system in a clear, concise, and logical manner. Flowcharts use a standard set of symbols to describe visually the flow of documents and data through a system. Flowcharts are easy to prepare and revise when the designer utilises a flowcharting software package. A system flowchart is a narrative representation to identify system weaknesses. A program flowchart shows the logic used in computer programs. Options I, II, III and IV only.
Options I, III and IV only.
Options I, II, and III only.
Options I, II, III and V only.
Business Process Diagrams are used in process documentation to:
Describe the documents in a process.
Describe the systems involved in a process.
Describe the internal controls of a process.
Describe the activities in a process
An individuals perceived ability to carry out the fraud and conceal the fraudulent activity is referred to as:
pressure for fraud.
concealing for fraud.
opportunity for fraud.
rationalisation for fraud.
Which of these options are correct with regards to objective setting in an enterprise risk management system (ERM)?
The objective setting of the ERM needs to be consistent with the organisations mission statement and align with its risk appetite.
The objective setting of the ERM needs to be consistent with the organisations information system policy and align with its risk appetite.
The objective setting of the ERM needs to follow the industrys best practices (i.e. common objectives across industry peers) and align with the organisations risk appetite.
There is no need to set specific objectives for ERM as most ERMs are the same and follow the industrys risk management standard such as AS/NZS ISO 31000:2009.
The objective setting of the ERM neds to be consistent with the organisations strategy, and other related objectives.
Options I and V only
Options III and V only.
Options II, III and V only.
Options III, IV and V only.
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
