Testbsk | Accounting Information Systems 15th Edition Solution Manual Romney Steinbart AIS Solved Problems

Accounting Information Systems 15th edition
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information systems exam prep AIS study guide
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1. COSO identified five interrelated components of internal control. Which of the following

is not one of those five?

a. risk assessment

b. internal control policies

c. monitoring

d. information and communication



Romney, Marshall; Steinbart, Paul J. (2014-01-09). Accounting Information Systems, 13/e (Page
214). Prentice Hall. Kindle Edition. - answer-b. internal control policies



2. In the ERM model, COSO specified four types of objectives that management must meet

to achieve company goals. Which of the following is not one of those types?

a. responsibility objectives

b. strategic objectives

c. compliance objectives

d. reporting objectives


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,e. operations objectives



Romney, Marshall; Steinbart, Paul J. (2014-01-09). Accounting Information Systems, 13/e (Page
214). Prentice Hall. Kindle Edition. - answer-a. responsibility objectives



3. Which of the following statements is true?

a. COSO's enterprise risk management framework is narrow in scope and is limited to

financial controls.

b. COSO's internal control integrated framework has been widely accepted as the authority on
internal controls.

c. The Foreign Corrupt Practices Act had no impact on internal accounting control systems.

d. It is easier to add controls to an already designed system than to include them during

the initial design stage.



Romney, Marshall; Steinbart, Paul J. (2014-01-09). Accounting Information Systems, 13/e (Page
215). Prentice Hall. Kindle Edition. - answer-b. COSO's internal control integrated framework has
been widely accepted as the authority on internal controls.



4. All other things being equal, which of the following is true?

a. Detective controls are superior to preventive controls.

b. Corrective controls are superior to preventive controls.

c. Preventive controls are equivalent to detective controls.

d. Preventive controls are superior to detective controls.



Romney, Marshall; Steinbart, Paul J. (2014-01-09). Accounting Information Systems, 13/e (Page
215). Prentice Hall. Kindle Edition. - answer-d. Preventive controls are superior to detective



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, controls.



5. Which of the following statements about the control environment is false?

a. Management's attitudes toward internal control and ethical behavior have little impact

on employee beliefs or actions.

b. An overly complex or unclear organizational structure may be indicative of problems

that are more serious.

c. A written policy and procedures manual is an important tool for assigning authority

and responsibility.

d. Supervision is especially important in organizations that cannot afford elaborate

responsibility reporting or are too small to have an adequate separation of duties.



Romney, Marshall; Steinbart, Paul J. (2014-01-09). Accounting Information Systems, 13/e (Page
215). Prentice Hall. Kindle Edition. - answer-a



6. To achieve effective segregation of duties, certain functions must be separated. Which of the

following is the correct listing of the accounting-related functions that must be segregated?

a. control, recording, and monitoring

b. authorization, recording, and custody

c. control, custody, and authorization

d. monitoring, recording, and planning



Romney, Marshall; Steinbart, Paul J. (2014-01-09). Accounting Information Systems, 13/e (Page
215). Prentice Hall. Kindle Edition. - answer-b. authorization, recording, and custody




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