Information Technology > EXAM > CAATs Quiz Questions & Answers | with 100% Correct Answers | Updated & Verified (All)

CAATs Quiz Questions & Answers | with 100% Correct Answers | Updated & Verified

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Name one of the keys to effective employment of Tests of Controls (ToC) that IT auditors need to know and understand. - ANS - : There is a high potential benefit to use toc when an automated control ... exists The it auditor must have sufficient assurance of the effectiveness of it general controls Risk-based standards require that the relevant it controls were designed properly and implemented Name one of the main contributions an IT Auditor can make to a Financial Audit. - ANS - : Tests of controls Use of caatts Substantive it-related procedures Value-add management comments Integrated audit Name one of the main reasons that CAATTs are being used throughout the IT Audit industry. - ANS - : To assist internal auditors in their search for irregularities in data files To help internal auditing departments with more detailed analysis To support the forensic accountant with extrapolating large amounts of data for further analysis and fraud detection Name one of the application controls over computer based accounting systems. - ANS - : Input Processing Output Master file controls [Show More]

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