TEST BANK FOR
ACCOUNTING
INFORMATION
SYSTEMS
CONNECTING
CAREERS SYSTEMS
AND ANALYTICS 1ST
EDITION
A LAC management process weakness could lead to (Choose all correct answers that
apply):
- More audit testing
- Separation of Duties control problems
- Less substantive testing
- Less audit testing - <<<<CORRECT ANSWERS>>>- More audit testing
- Separation of Duties control problems
A risk based integrated audit will include which of the following (select all that apply):
- Identifying threat (WCGWs) to an AIS
- Testing controls in an AIS that mitigate incomplete, inaccurate, and invalid data
- Having a member of the audit team enter all transactions that lead to journal entries to
ensure they are complete and accurate
- Having an auditor visually review and approve the physicals paper trail prior to every
transaction being entered in the AIS
- Substantive testing of accounts - <<<<CORRECT ANSWERS>>>- Identifying threat
(WCGWs) to an AIS
- Testing controls in an AIS that mitigate incomplete, inaccurate, and invalid data
- Substantive testing of accounts
An auditor might use a business process model to:
A.) Enter TPS transaction data
B.) Enter journal entries
, C.) Identify missing controls
D.) Identify specific transactions that need to be inspected for corrections -
<<<<CORRECT ANSWERS>>>C.)
Match the term on the left with the best answer from the right.
Sale Order - <<<<CORRECT ANSWERS>>>Identifies the items, quantities, and sales
prices that a customer wants delivered at a later date
Match the term on the left with the best answer from the right.
Delivery - <<<<CORRECT ANSWERS>>>Increases the amount of money a customer
owes us
Match the term on the left with the best answer from the right.
Cash Receipt - <<<<CORRECT ANSWERS>>>Decreases the amount of money a
customer owes us
Match the term on the left with the best answer from the right.
Separation of Duty - <<<<CORRECT ANSWERS>>>One person should not have too
much control over a process
Match the term on the left with the best answer from the right.
Sales Price on a Sale Order - <<<<CORRECT ANSWERS>>>Often varies because of
a Sales Price Catalog timeframe or for other reason
Match the term on the left with the best answer from the right.
WCGW: Good Delivered to customer that were not order by the customer -
<<<<CORRECT ANSWERS>>>Delivery should be matched to an open sale order
Match the term on the left with the best answer from the right.
Purchase Order - <<<<CORRECT ANSWERS>>>Identifies the items, quantities and
purchase prices for items that we want delivered from a vendor
Match the term on the left with the best answer from the right.
Goods Receipt - <<<<CORRECT ANSWERS>>>Should only be entered into the AIS if
it can be matched against an open purchase order
Match the term on the left with the best answer from the right.
ACCOUNTING
INFORMATION
SYSTEMS
CONNECTING
CAREERS SYSTEMS
AND ANALYTICS 1ST
EDITION
A LAC management process weakness could lead to (Choose all correct answers that
apply):
- More audit testing
- Separation of Duties control problems
- Less substantive testing
- Less audit testing - <<<<CORRECT ANSWERS>>>- More audit testing
- Separation of Duties control problems
A risk based integrated audit will include which of the following (select all that apply):
- Identifying threat (WCGWs) to an AIS
- Testing controls in an AIS that mitigate incomplete, inaccurate, and invalid data
- Having a member of the audit team enter all transactions that lead to journal entries to
ensure they are complete and accurate
- Having an auditor visually review and approve the physicals paper trail prior to every
transaction being entered in the AIS
- Substantive testing of accounts - <<<<CORRECT ANSWERS>>>- Identifying threat
(WCGWs) to an AIS
- Testing controls in an AIS that mitigate incomplete, inaccurate, and invalid data
- Substantive testing of accounts
An auditor might use a business process model to:
A.) Enter TPS transaction data
B.) Enter journal entries
, C.) Identify missing controls
D.) Identify specific transactions that need to be inspected for corrections -
<<<<CORRECT ANSWERS>>>C.)
Match the term on the left with the best answer from the right.
Sale Order - <<<<CORRECT ANSWERS>>>Identifies the items, quantities, and sales
prices that a customer wants delivered at a later date
Match the term on the left with the best answer from the right.
Delivery - <<<<CORRECT ANSWERS>>>Increases the amount of money a customer
owes us
Match the term on the left with the best answer from the right.
Cash Receipt - <<<<CORRECT ANSWERS>>>Decreases the amount of money a
customer owes us
Match the term on the left with the best answer from the right.
Separation of Duty - <<<<CORRECT ANSWERS>>>One person should not have too
much control over a process
Match the term on the left with the best answer from the right.
Sales Price on a Sale Order - <<<<CORRECT ANSWERS>>>Often varies because of
a Sales Price Catalog timeframe or for other reason
Match the term on the left with the best answer from the right.
WCGW: Good Delivered to customer that were not order by the customer -
<<<<CORRECT ANSWERS>>>Delivery should be matched to an open sale order
Match the term on the left with the best answer from the right.
Purchase Order - <<<<CORRECT ANSWERS>>>Identifies the items, quantities and
purchase prices for items that we want delivered from a vendor
Match the term on the left with the best answer from the right.
Goods Receipt - <<<<CORRECT ANSWERS>>>Should only be entered into the AIS if
it can be matched against an open purchase order
Match the term on the left with the best answer from the right.
