AICPA Questions Flashcards
Manual controls would most likely be more suitable than automated controls for which of the following?
Large, unusual, or non-recurring transactions.
An engagement attribute for an audit of an entity that processes most of its financial data in electronic form without any paper documentation?
Performance of audit tests on continuous bias
An auditor would likely use generalized audit software to
Construct parallel simulations and access client data files
After reviewing the end-user computing (EUC) policy of an organization, an internal auditor audits the actuarial function and notices that some minimum control requirements are missing. Which of the following is a risk of using potentially incorrect end-user developed files?
Management places the same degree of reliance on the files as they do on files generated from mainframe systems. (Management should not place the same degree of reliance on the files generated by EUC as they do on files generated from mainframe systems)
PERT chart
project management tool used to schedule, organize, and coordinate tasks within a project. It is not a data-gathering technique for a system survey.
Gantt
type of bar chart that shows the starting and finishing dates of a project’s elements and the dependency relationships between activities. It is not a data-gathering technique for a system survey.
Conceptual systems design
an early phase of the system design process, in which the general specifications of the system’s design are outlined.
File and database design
is not included in the preliminary system design. The scenario facts indicate a generation of a report where the specifications of a preliminary system design are outlined.
physical systems design
concerned with user interface design, process design, and data design. It is more detailed and specific than the general outlines of a preliminary system design
Procedures design
written instructions usually involving a series of steps necessary to complete the development of a system. It is more detailed and specific than the general outlines of a preliminary system design
In an e-commerce environment that requires that the information technology (IT) system be available on a continuous basis, more emphasis will be placed on which of the following aspects of the planning than in a traditional organization?
Maintain redundant systems for instant availability to assure the flow of transactions.
An enterprise resource planning system is designed to
Integrate data from all aspects of an organization’s activities.
Executive Information Systems (EIS)
designed to present executives with the information needed to make strategic plans. ERP software provides integrated data for all departments involved in operations.
decision support system (DSS)
interactive software-based system intended to help with the decision-making process.
expert system
designed to allow non-experts to make decisions about a particular problem, by simulating the judgment and behavior of a human that has expert knowledge and experience in a particular field.
What is the correct ascending hierarchy of data in a system?
Character, field, record, file.
Which of the following describes the primary purpose of a disaster recovery plan?
To specify the steps required to resume operations.
A company switches all processing to an alternate site, and staff members report to the alternate site to verify that they are able to connect to all major systems and perform all core business processes from the alternate site. Which of the following best identifies the activities performed by the staff?
Disaster recovery planning.
Which of the following steps in the development of a business continuity plan should a company initiate first?
Conduct a business-impact analysis.
Continuity planning
focuses on how a company can most effectively restore business operations following a disaster
Capacity Planning
involves planning and determining production capacity & workforce requirements by considering input requirements along with the conversion process and the output.
Budget Planning
involves construction of a budget which is a plan for spending money, the business utilizes it to control the operations of the business.
Strategy Planning
management process which documents the mission, vision, long term goals & objectives and the action plan to achieve them.
A senior executive of an international organization who wishes to demonstrate the importance of the security of company information to all team members should
Visibly participate in a global information security campaign.
Which of the following statements is correct regarding information technology (IT) governance?
A primary goal of IT governance is to balance risk versus return over IT and its processes.
Engagement attribute for an audit of an entity that processes most of its financial data in electronic form without any paper documentation
Performance of audit tests on a continuous basis
An auditor would likely use generalized audit software to
Construct parallel simulations and access client data files
