IT Audit and Control

Technology has impacted the business environment in three areas. What are those?

• the use and processing of information

• the control process

• the auditing profession

• IT governance

All of the following are recent technologies that have and will certainly continue to revolutionize organization, except one.

• Enterprise Resouce Planning

• Cloud Computing

• IT Auditing

• Mobile Device MAnagement

It allows multiple functions to access a common database-reducing storage costs and increasing consistency and accuracy of data from a single source.

It is responsible for managing and administering mobile devices provided to employee as part of their work responsibilities.

• Enterprise Resource Planning

• Mobile Device Management

• Human Resource Management

• Cloud Computing

It is a system that allows remote assets "things" to interact and communicate among them and with other network systems according to Gartner Inc.

• Enterprise Resource Planning

• Mobile Device Management

• Cloud Computing

• Internet of Things

List 5 challenges of Big Data.

Financial auditing encompasses all activities and responsibilities concerned with the rendering of an opinion on the fairness of financial statements.

• TRUE

• FALSE

Establishes consistent guidelines for financial reporting by corporate managers.

GAAP is important because it helps maintain trust in the financial markets.

• TRUE

• FALSE

Enumeration: Three Categories of Generally Accepted Auditing Standards (GAAS).