Information Technology > Quiz > PRE FINAL QUIZ 1 Accounting Information System.pdf · version 1 (All)

PRE FINAL QUIZ 1 Accounting Information System.pdf · version 1

Document Content and Description Below

Controlled Objectives for Information and related Technology (COBIT): a control framework for the governance and management of enterprise IT. Select one: True False  Question 2 Correct Mark 1 ... .00 out of 1.00 The control environment sets the tone for a company, influences employee control awareness, and lays the groundwork for the external control system. Select one: True False  Question 3 Correct Mark 1.00 out of 1.00 Preventive controls prevent issues from arising in the first place. (Authorization) Select one: True  False 4 Internal control can be defined as ethical behavior driven by a code of ethics. Select one: True  False Question 5 Correct Mark 1.00 out of 1.00 The establishment and maintenance of internal controls is a management duty, according to SOX. Select one: True  False Question 6 Correct Mark 1.00 out of 1.00 Application controls are particular to a subsystem or application and verify that transactions are legitimate, complete, and accurate. Select one: True  False Question 7 Correct Mark 1.00 out of 1.00 A dynamic method for identifying and analyzing a firm's risks from both external and internal settings is risk assessment. Select one: True  False 8 A set of practices and rules for operating a corporation with sound ethics in order to protect the interests of its stakeholders is known as corporate government. Select one: True False  Question 9 Correct Mark 1.00 out of 1.00 Employees from various cultural origins are more likely to share similar beliefs. Select one: True False  Question 10 Correct Mark 1.00 out of 1.00 The PCAOB Auditing Standard No. 5 (AS 5) urges auditors to identify critical controls using a risk-based, top-down approach. Select one: True  False Question 11 Correct Mark 1.00 out of 1.00 To provide dependent control of public accounting companies, the Public Company Accounting Oversight Board (PCAOB) was established. Select one: True False  12 Internal control is affected by people. It is not merely about policy manuals, systems and forms. Rather, it is about people at every level of a firm that impact internal control [Show More]

Last updated: 3 years ago

Preview 1 out of 6 pages

Buy Now

Instant download

We Accept: