Strayer ACC 403 midterm exam (Part 1 & Part 2)
Part 1
Question 1
The most common way for users to obtain reliable information is to:
Answer
have an internal audit.
have an independent audit.
verify all information individually.
verify the information with management.
Question 2
Which of the following is not a SysTrust Services principle as defined by the AICPA?
Answer
Online privacy
Availability
Processing integrity
Operational integrity
Question 3
One objective of an operational audit is to:
Answer
determine whether the financial statements fairly present the entity’s operations.
determine if the auditee is in compliance with GAAP.
make recommendations for improving performance.
Part 1
Question 1
The most common way for users to obtain reliable information is to:
Answer
have an internal audit.
have an independent audit.
verify all information individually.
verify the information with management.
Question 2
Which of the following is not a SysTrust Services principle as defined by the AICPA?
Answer
Online privacy
Availability
Processing integrity
Operational integrity
Question 3
One objective of an operational audit is to:
Answer
determine whether the financial statements fairly present the entity’s operations.
determine if the auditee is in compliance with GAAP.
make recommendations for improving performance.
