1|Page
CITP EXAM 1 QUESTIONS AND ANSWERS 2025
Application Controls - .....ANSWER ..... ✔✔Internal
controls around applications that operate at a
transaction level and ensure authorization, protect
against unauthorized access, errors, unauthorized
reporting, and extra care around high-rise transactions
Artificial Intelligence (AI) - .....ANSWER .....
✔✔Computer science that involves automated
reasoning and problem solving, emulating human
intelligence
Assertion Level Risks - .....ANSWER ..... ✔✔Risks
limited to one or more specific assertions in an account
or in several accounts; addressed by nature, timing, and
extent of further audit procedures; Includes inherent and
control risk
Asset Misappropriation - .....ANSWER ..... ✔✔Use of
one's occupation for personal gain through the
deliberate misuse or theft of the employing
organization's resources or assets
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Attribute - .....ANSWER ..... ✔✔Characteristic of
something in a data file (ie. part number of an inventory
item)
Automated Control - .....ANSWER ..... ✔✔Involves
leveraging technology to build and enforce internal
controls with the least manual intervention possible
Balanced Scorecard - .....ANSWER ..... ✔✔Holistic
performance measuring and managing methodology
combining financial, customer, internal processes, and
learning/growth objectives into a single report
Business Activity Monitoring (BAM) - .....ANSWER .....
✔✔Software that assists management in monitoring
business activities, especially automated processes;
Aggregating, analyzing, and presenting business
process performance
Business Intelligence (BI) - .....ANSWER .....
✔✔Structure and process that combines information
architecture, databases, analytical tools, reporting tools,
and other applications to gather and communicate
business information for strategic and tactical purposes
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Business Performance Management (BPM) - .....ANSWER
..... ✔✔Measures and analyzes enterprise
performance, operational and financial, to achieve
strategic advantages
Business Process Management (BPrM) - .....ANSWER .....
✔✔Holistic management approach to managing
business processes at the enterprise level to promote
efficiency and effectiveness, while stressing
improvements, innovation, and integration with
technology
Commercial Off-the-shelf Software (COTS) -
.....ANSWER ..... ✔✔Software that is published and
mage commercially available to the general public
Conceptual Schema - .....ANSWER ..... ✔✔View of
information requirements before it is converted into an
actual database; composite view of all user views /
schemas
Control Risk - .....ANSWER ..... ✔✔Risk that a material
misstatement will not be detected or prevented by the
entity's internal control on a timely basis; considered
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individually and in the aggregate with other
misstatements
Corruption Schemes - .....ANSWER ..... ✔✔Set of
fraud schemes that involves someone inside the victim
organization working with someone outside the entity to
defraud the entity
Critical Success Factors (CSF) - .....ANSWER .....
✔✔Structure and process that measures and
analyzes enterprise performance, operational and
financial, to achieve strategic advantages
Dashboard - .....ANSWER ..... ✔✔Visual presentation
of information that allows for quick assimilation of the
facts, and understanding of significance or importance
of the information
Data - .....ANSWER ..... ✔✔Raw facts; apart from
outside manipulation, data is virtually meaningless
Data Mart - .....ANSWER ..... ✔✔Subset of data
warehouse database that is useful to one or more users
for reporting or analyzing
CITP EXAM 1 QUESTIONS AND ANSWERS 2025
Application Controls - .....ANSWER ..... ✔✔Internal
controls around applications that operate at a
transaction level and ensure authorization, protect
against unauthorized access, errors, unauthorized
reporting, and extra care around high-rise transactions
Artificial Intelligence (AI) - .....ANSWER .....
✔✔Computer science that involves automated
reasoning and problem solving, emulating human
intelligence
Assertion Level Risks - .....ANSWER ..... ✔✔Risks
limited to one or more specific assertions in an account
or in several accounts; addressed by nature, timing, and
extent of further audit procedures; Includes inherent and
control risk
Asset Misappropriation - .....ANSWER ..... ✔✔Use of
one's occupation for personal gain through the
deliberate misuse or theft of the employing
organization's resources or assets
,2|Page
Attribute - .....ANSWER ..... ✔✔Characteristic of
something in a data file (ie. part number of an inventory
item)
Automated Control - .....ANSWER ..... ✔✔Involves
leveraging technology to build and enforce internal
controls with the least manual intervention possible
Balanced Scorecard - .....ANSWER ..... ✔✔Holistic
performance measuring and managing methodology
combining financial, customer, internal processes, and
learning/growth objectives into a single report
Business Activity Monitoring (BAM) - .....ANSWER .....
✔✔Software that assists management in monitoring
business activities, especially automated processes;
Aggregating, analyzing, and presenting business
process performance
Business Intelligence (BI) - .....ANSWER .....
✔✔Structure and process that combines information
architecture, databases, analytical tools, reporting tools,
and other applications to gather and communicate
business information for strategic and tactical purposes
,3|Page
Business Performance Management (BPM) - .....ANSWER
..... ✔✔Measures and analyzes enterprise
performance, operational and financial, to achieve
strategic advantages
Business Process Management (BPrM) - .....ANSWER .....
✔✔Holistic management approach to managing
business processes at the enterprise level to promote
efficiency and effectiveness, while stressing
improvements, innovation, and integration with
technology
Commercial Off-the-shelf Software (COTS) -
.....ANSWER ..... ✔✔Software that is published and
mage commercially available to the general public
Conceptual Schema - .....ANSWER ..... ✔✔View of
information requirements before it is converted into an
actual database; composite view of all user views /
schemas
Control Risk - .....ANSWER ..... ✔✔Risk that a material
misstatement will not be detected or prevented by the
entity's internal control on a timely basis; considered
, 4|Page
individually and in the aggregate with other
misstatements
Corruption Schemes - .....ANSWER ..... ✔✔Set of
fraud schemes that involves someone inside the victim
organization working with someone outside the entity to
defraud the entity
Critical Success Factors (CSF) - .....ANSWER .....
✔✔Structure and process that measures and
analyzes enterprise performance, operational and
financial, to achieve strategic advantages
Dashboard - .....ANSWER ..... ✔✔Visual presentation
of information that allows for quick assimilation of the
facts, and understanding of significance or importance
of the information
Data - .....ANSWER ..... ✔✔Raw facts; apart from
outside manipulation, data is virtually meaningless
Data Mart - .....ANSWER ..... ✔✔Subset of data
warehouse database that is useful to one or more users
for reporting or analyzing
