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SU 7.3
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Questions in this quiz (30)
1Which of the following types of control plans is particular to a specific process or subsystem, rather than related to the timing of its occurrence?
- AA.Preventive.
- BB.Corrective.
- CC.Application.
- DD.Detective.
2Some data processing controls relate to all computer processing activities (general controls) and some relate to specific tasks (application controls). General controls include
- AA.Controls designed to ascertain that all data submitted to computer processing have been properly authorized.
- BB.Controls that relate to the correction and resubmission of data that were initially incorrect.
- CC.Controls for documenting and approving programs and changes to programs.
- DD.Controls designed to ensure the accuracy of the processing results.
3Which of the following is a validity check?
- AA.The computer ensures that a numerical amount in a record does not exceed some predetermined amount.
- BB.As the computer corrects errors and data are successfully resubmitted to the system, the causes of the errors are printed out.
- CC.The computer flags any transmission for which the control field value did not match that of an existing file record.
- DD.After data are entered, the computer sends certain data back to the terminal for comparison with data originally sent.
4A customer’s order was never filled because an order entry clerk transposed the customer identification number while entering the sales transaction into the system. Which of the following controls would most likely have detected the transposition?
- AA.Sequence test.
- BB.Completeness test.
- CC.Validity check.
- DD.Limit test.
5Which of the following input controls would prevent an incorrect state abbreviation from being accepted as legitimate data?
- AA.Reasonableness test.
- BB.Field check.
- CC.Digit verification check.
- DD.Validity check.
6In an automated payroll processing environment, a department manager substituted the time card for a terminated employee with a time card for a fictitious employee. The fictitious employee had the same pay rate and hours worked as the terminated employee. The best control technique to detect this action using employee identification numbers is a
- AA.Reasonableness test.
- BB.Record count.
- CC.Hash total.
- DD.Financial total.
7The risks created by rapid changes in IT have not affected which concepts of internal control?
1. Cost-benefit analysis
2. Control environment
3. Reasonable assurance
4. Management’s responsibility- AA.1 and 2 only.
- BB.3 and 4 only.
- CC.2, 3, and 4 only.
- DD.1, 2, 3, and 4.
8The purpose of check digit verification of an account number on an update transaction is to
- AA.Verify that the account number corresponds to an existing account in the master file.
- BB.Detect a transposition of an account number entered into the system.
- CC.Ensure that supporting documentation exists for the update transaction.
- DD.Require the account number to have the correct logical relationship with other fields.
9Which of the following is not a typical output control?
- AA.Reviewing the computer processing logs to determine that all of the correct computer jobs executed properly.
- BB.Matching input data with information on master files and placing unmatched items in a suspense file.
- CC.Periodically reconciling output reports to make sure that totals, formats, and critical details are correct and agree with input.
- DD.Maintaining formal procedures and documentation specifying authorized recipients of output reports, checks, or other critical documents.
10A clerk recorded a sales invoice as US $13.66 when the actual amount was US $133.66. Which control should detect this error?
- AA.Limit check.
- BB.Batch input totals.
- CC.Redundant character check.
- DD.Sign check.
11Which application controls monitor processed and stored data to ensure they are consistent and complete?
- AA.Integrity controls.
- BB.Input controls.
- CC.Output controls.
- DD.Processing controls.
12What is the best control to prevent entry of incorrect vendor numbers into a database?
- AA.Error listing.
- BB.Exception reporting.
- CC.Format checks.
- DD.Add a drop-down menu.
13Within an integrated financial system, which of the following is not a major risk associated with accounts receivable?
- AA.Transactions may occur with unauthorized vendors.
- BB.Credits may be applied to improper accounts.
- CC.Updates of credit ratings may be untimely.
- DD.Financial or management reporting may be inaccurate.
14Effective IT general controls (ITGCs) are measured by the number of which of the following?
1) IT systems change requests
2) Incidents that damage public reputation
3) Systems that do not meet security criteria
4) Violations of segregation of duties- AA.1, 2, and 3 only.
- BB.1, 2, and 4 only.
- CC.2, 3, and 4 only.
- DD.1, 2, 3, and 4.
15A large data processing center has processing bottlenecks at peak batch processing hours. The center is sometimes unable to complete all batch processing by the start of the next business day, creating difficulties in starting online systems. When investigating this problem, the internal auditor initially should focus on controls over
- AA.Console logs.
- BB.Backup and restart procedures.
- CC.Job scheduling.
- DD.Program documentation.
16An organization uses a database management system (DBMS) as a repository of data. The DBMS in turn supports a number of end-user-developed applications. Some of the applications update the database. In evaluating the control procedures over access and use of the database, the auditor will be most concerned that
- AA.End users have their read-only applications approved by data processing before accessing the database.
- BB.Concurrency update controls are in place.
- CC.End-user applications are developed and tested on personal computers before being ported to the mainframe.
- DD.A relational database model is adopted so that multiple users can be served at the same time.
17Application control objectives do not normally include assurance that
- AA.Authorized transactions are completely processed once and only once.
- BB.Transaction data are complete and accurate.
- CC.Review and approval procedures for new systems are set by policy and adhered to.
- DD.Processing results are received by the intended user.
18To facilitate the data entry process for form ABC, the layout on the data entry screen imitates the layout of the printed form ABC. This is an example of
- AA.Format checks.
- BB.Memo posting.
- CC.Preformatting.
- DD.Completeness checks.
19The data entry clerk was unable to find the customer’s name when inputting the order. This is an example of
- AA.Concurrency control.
- BB.Validity checks.
- CC.Range checks.
- DD.Sequence checks.
20The control known as closed-loop verification would be most useful for
- AA.Ensuring accurate data transmission of records.
- BB.Tracking the number of payroll checks processed.
- CC.Controls over network operations.
- DD.Updating and verifying customer addresses.
21All of the following are correct statements regarding big data except
- AA.Big data is an evolving term that describes any voluminous amount of structured, semi-structured, and unstructured data that has the potential to be mined for information.
- BB.Big data includes information collected from social media, data from Internet-enabled devices, machine data, video, and voice recordings. The information collected is converted from high-density data into low-density data.
- CC.Big data is often characterized by the “4 Vs” - volume, variety, velocity, and veracity.
- DD.Big data processes data with analytic and algorithmic tools to reveal meaningful information.
22Which of the following best describes unstructured data?
- AA.Data with a high level of organization.
- BB.Data systematically stored with markers to enforce hierarchies of records and fields within the data.
- CC.Information that is not organized in a pre-defined manner (e.g., text-heavy facts, dates, numbers, and images).
- DD.Conforms with the organization of data models associated with relational databases.
23All of the following represents a characteristic of big data except
- AA.Size.
- BB.Mixture.
- CC.Speed.
- DD.Uniformity.
24Which of the following are key technologies of big data?
I. In-memory analytics
II. Data mining
III. Text mining- AA.I only.
- BB.II only.
- CC.I and III only.
- DD.I, II, and III.
25Which of the following is a correct statement regarding in-memory analytics?
- AA.It is an open source software framework that stores large amounts of data and runs applications on clusters of commodity hardware.
- BB.It analyzes data from system memory instead of hard drives.
- CC.It is a technology that uses data, statistical algorithms, and machine-learning techniques to identify the likelihood of future outcomes based on historical data.
- DD.It examines large amounts of data to discover patterns in the data.
26All of the following are correct statements regarding big data except
- AA.Big data needs to be transformed to “Smart Data.” Collecting large amounts of statistics and numbers translates into minimal benefit if there is no layer of added intelligence.
- BB.Big data uses inductive statistics and concepts from nonlinear system identification (e.g., output is not directly proportional to the input) to infer laws from large sets of data to reveal relationships and dependencies, or to perform predictions of outcomes and behaviors.
- CC.Big data analytic tools complete missing pieces through data fusion, which is the process of integration of multiple data and knowledge representing the same real-world object into a consistent, accurate, and useful representation.
- DD.Big data is an evolving term that describes any voluminous amount of structured data that has the potential to be mined for information.
27All of the following are correct statements regarding businesses deciding to utilize cloud computing for big data projects except
- AA.Businesses are hesitant to invest in an extensive server and storage infrastructure that might only be used occasionally to complete big data tasks.
- BB.Businesses only pay for the storage and computing time actually used.
- CC.A public cloud provider can store petabytes of data and scale up thousands of servers just long enough to accomplish the big data project.
- DD.Analysts are not required to have a detailed understanding of the available data and possess some sense of what answer(s) they’re looking for.
28Quantifiable measures that demonstrate an organization’s progress towards its goals and objectives are referred to as
- AA.Normalization of data.
- BB.Veracity-based value.
- CC.Data visualization.
- DD.Key performance indicators.
29An organization’s primary focus is on what it needs to do in order to accomplish its predicted future. Which of the following data analytics methods would best address this concern?
- AA.Predictive analysis.
- BB.Prescriptive analysis.
- CC.Anomaly detection.
- DD.Network analysis.
30Which of the following data analytics methods should an auditor use to report on actual results?
- AA.Descriptive analysis.
- BB.Information discovery.
- CC.Text analysis.
- DD.Diagnostic analysis.
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- CIA Part 3 SU 7 Quiz on SU 7.3, created by Sadan Dahal on 13/06/2020.
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- Sadan Dahal
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- English
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