IT Audit by Otero Chapters 1 and 2

The components of an Information System include the following except:

• People

• Process

• Price

• Technology

The following are well known ERPs today except:

• SAP

• Oracle

• Microsoft Dynamics

• Gemini

This was a major accounting scandal in the US discovered in the summer of 2002 that led to the downfall of financial markets.

• Enron

• WorldCom

• Lehman Brothers

• Watergate

The following are Big 4 Accounting Firms except

• EY

• PwC

• KPMG

• DFT

ITGCs may involve review of the following:

• Sequence checks

• Data input validation

• Mathematical accuracy check

• Access termination

When processing information, one of the characteristics of data integrity is:

• Security

• Availability

• Confidentiality

• Completeness

Which of the following are top reasons to conduct an IT audit?

I.                     To support financial statement audits

II.                   To control and monitor the significant growth of corporate hackers

III.                 To audit large amounts of data

• I only

• I and II only

• I and III only

• I, II and III

Which of the following provides a “first-hand” protection over the input, processing and output of information?

• IT Governance

• Change control management

• Sequence check

• User account administration

Which of the following statement(s) is/are correct?

I.                     When application controls are ineffective, ITGCs are likely to be ineffective;

II.                   When ITGCs are ineffective, application controls are likely to be ineffective

• I only

• II only

• Both I and II

• Neither I or II

Which of the following statements are incorrect with regards to the possible role of an IT Auditor?

I.                     An IT Auditor can serve the organization as a consultant in developing policies

II.                   An IT auditor can engage in white-hat hacking services;

III.                 An IT Auditor can engage in the practice of computer forensics

• I only

• I and III only

• I, II and III

• None