STRAYER ACC403/ACC403 WEEK 8 QUIZ (ANSWER 30/30) - 88828

Solution Posted by
anjis_devis

anjis_devis

Rating : (20)B
Solution Detail
Price: $17.00
  • From: Business, Accounting
  • Posted on: Wed 04 Mar, 2015
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description
Question 1 2 out of 2 points In an IT system, automated equipment controls or hardware controls are designed to: Question 2 2 out of 2 points A database management system: Question 3 2 out of 2 points Old and new systems operating simultaneously in all locations is a test approach known as: Question 4 2 out of 2 points Security controls should require that users enter a(n) ________ before being allowed access to software and other related data files. Question 5 2 out of 2 points ________ is not a risk specific to the IT environments. Question 6 2 out of 2 points Controls that are designed for each software application and are intended to help a company satisfy the transaction-related audit objectives are: Question 7 2 out of 2 points One of the unique risks of protecting hardware and data is: Question 8 2 out of 2 points Which of the following computer-assisted auditing techniques inserts an audit module in the client's application system to identify specific types of transactions? Question 9 2 out of 2 points The most important output control is: Question 10 2 out of 2 points An example of a physical control is: Question 11 2 out of 2 points The auditor's objective in determining whether the client's automated controls can correctly handle valid and invalid transactions as they arise is accomplished through the: Question 12 2 out of 2 points Programmers should be allowed access to: Question 13 2 out of 2 points Which of the following controls prevent and detect errors while transaction data are processed? Question 14 2 out of 2 points The approach to auditing where the auditor does not test automated controls to reduce assessed control risk is called: Question 15 2 out of 2 points Output controls need to be designed for which of the following data integrity objectives? Question 16 2 out of 2 points Which of the following procedures would most likely be performed in response to the auditor's assessment of the risk of monetary misstatements in the financial statements? Question 17 2 out of 2 points An exception or deficiency found in a test of controls: Question 18 2 out of 2 points The document that details the specific audit procedures for each type of test is the: Question 19 2 out of 2 points In order to promote audit efficiency the auditor considers cost in selecting audit tests to perform. Which of the following audit tests would be the most costly? Question 20 2 out of 2 points Management implements internal controls to ensure that all required footnote disclosures are accurate. Auditors tests those controls to provide evidence supporting the ________ presentation. Question 21 2 out of 2 points Many auditors perform extensive analytical procedures on audits because: Question 22 2 out of 2 points An increased extent of tests of controls is most likely to occur when: Question 23 2 out of 2 points The purpose of tests of controls is to provide reasonable assurance that the: Question 24 2 out of 2 points A system walkthrough is primarily used to help the auditor: Question 25 2 out of 2 points Which of the following tests commonly occur together? Question 26 2 out of 2 points In the context of an audit of financial statements, substantive tests are audit procedures that: Question 27 2 out of 2 points Risk assessment procedures are performed by auditors during an audit in order to: Question 28 2 out of 2 points Collectively, procedures performed to obtain an understanding of the entity and its environment, including internal controls, represent the auditor's: Question 29 2 out of 2 points You are auditing Rodgers and Company. After performing substantive analytical procedures you conclude that, for the accounts tested, the client's balance appears reasonable. This may indicate that: Question 30 2 out of 2 points Which of the following audit tests is usually the least costly to perform?
Solution Description

Question 1

2 out of 2 points

In an IT system, automated equipment controls or hardware controls are designed to:

Question 2

2 out of 2 points

A database management system:

Question 3

2 out of 2 points

Old and new systems operating simultaneously in all locations is a test approach known as:

Question 4

2 out of 2 points

Security controls should require that users enter a(n) ________ before being allowed access to software and other related data files.

Question 5

2 out of 2 points

________ is not a risk specific to the IT environments.

Question 6

2 out of 2 points

Controls that are designed for each software application and are intended to help a company satisfy the transaction-related audit objectives are:

Question 7

Attachments
strayer_acc403_week_8_quiz.docx
strayer_acc403_...