Question 1 Which of these would be a reason for adopting a predominantly substantive approach? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Accounts are affected by more than one transaction class b Detection risk has been assessed as high C There are no significant control procedures that pertain to the assertion Control risk has been assessed as low d

Question 1 Which of these would be a reason for adopting a predominantly substantive approach? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Accounts are affected by more than one transaction class b Detection risk has been assessed as high C There are no significant control procedures that pertain to the assertion Control risk has been assessed as low d

Accounting Information Systems

10th Edition

ISBN:9781337619202

Author:Hall, James A.

Publisher:Hall, James A.

Chapter16: Auditing It Controls Part Iii: Systems Development, Program Changes, And Application Auditing

Section: Chapter Questions

Problem 3MCQ: Which of the following is NOT an SDLC controllable activity? a. External audit participation b. User...

See similar textbooks

Similar questions

1. 1. Working paper documentation includes the auditors’ conclusion about ______ and the basis for their conclusion. a. control risk b. control expecations 2. _____ are controls that do not rely on the client's information technology (IT) environment for their operation. a. IT general controls (ITGCs) b. Automated controls c. Computer application controls d. Manual controls 3. Assessing control risk begins with understanding entity-level controls. a. True b. False
1) Which of the following statements is the most accurate? a. Data analytics can be exploratory but never confirmatory. b. Data analytics allows auditors to broaden scope of their assurance activities. c. An auditor can always rely more on IT controls than manual controls. d. Application controls can always be relied on when general controls are deemed effective.
2. Assessing control risk begins with understanding entity-level controls. a. True b. False
Choose the one correct answer. Internal control provides reasonable assurance means that ? internal control has its inherent limitations internal control is integrated in the various transaction cycles internal control involves every people in the organization evaluation of internal control is only a secondary objective of FS audit
Which of the following is not a principle relating to risk assessment? a. Identifies and analyses risks and respond to changes b. Designing the information systems c. Specifies objectives with sufficient clarity d. Considers the potential for fraud in assessing risks
3. Which of the following is not a risk specific to CIS environment ? a. reliance on the functioning capabilities of hardware and software. b. increased human involvement c. loss of data due to insufficient backup d. unauthorized access Required: choose the correct answer and Justify your answers in at least 6 sentences.
An auditor's preliminary control risk assessment is at a high level. Which of the following are possible reasons for this preliminary assessment? 1. The entity's internal control system is not effective. 2. Evaluating the effectiveness of the entity's control system would not be efficient. Choices: a. I only b. II only c. Both I and II d. Neither I and II
An auditor’s preliminary control risk assessment is at a high level. Which of the following are possible reasons for this preliminary assessment? The entity’s internal control system is not effective. Evaluating the effectiveness of the entity’s control system would not be efficient. Group of answer choices A. I only B. Neither I and II C. Both I and II D. II only
Which of the following is correct? a. Auditors should evaluate application controls before evaluating general controls b. Auditors should evaluate application controls and general controls simultaneously. c. Auditors should evaluate general controls before evaluating application controls. d. None of these statements is correct. Required: choose the correct answer and Justify your answers in at least 6 sentences.
Which of the following is NOT an SDLC controllable activity? a. External audit participation b. User specification c. Systems authorization d. User test and acceptance procedures e. All are SDLC controls