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The risk of disclosure of confidential information is most closely related to which
category in Carter's taxonomy?
A. Target
B. Instrumentality
C. Both target and instrumentality
D. Neither target nor instrumentality
Consider the following partially completed risk/control matrix as you answer the
questions:
Assume the risk/control matrix is organized like the one presented in the chapter. The
best entry for Item B is:
A. Operations/reporting/compliance
B. Internal environment
C. Internal control
D. some other entry
All of the following are common coding systems used in organizations except:
A. Block
B. Hierarchical
C. Random
D. Sequential
___ was turned in by his sons for a Ponzi scheme.
A. Charles Ponzi
B. Bernie Madoff
C. Jeff Skilling
D. Victor Vroom
Consider the following REA diagram as you respond to the question:
The box in the second column represents a(n):
A. Resource
B. Event
C. Internal agent
D. External agent
Consider the following set of flowcharting symbols along with the case as you respond
to the question:
When the CEO of NTL Corporation resigned, the board of directors hired a recruitment
firm to look for a replacement. The recruitment firm prepared several job
announcements, then presented them to the board of directors. The board of directors
approved one of the job announcements; the recruitment firm used it to advertise the
position on the Internet and in relevant newspapers and professional publications. After
receiving several applications, the recruitment firm selected a pool of ten to pass on to
NTL's board of directors. The board of directors, with the assistance of the recruitment
firm, went through three rounds of interviews, narrowing the pool from ten to three.
Each of the three finalists prepared a presentation on the strategic future of NTL and
delivered the presentation at a meeting of NTL shareholders. The board of directors
then made the final choice for a new CEO.
If the "recruiting firm" column of a systems flowchart includes "receive applications," it
could be depicted with any of the following except:
A. Symbol A
B. Symbol F
C. Symbol G
D. Symbol I
Consider the table below as you respond to the questions:
Based on the usual order of the seven-step process QRM is using, which of the
following should occur first?
A. Item A in the table
B. Item F in the table
C. Item C in the table
D. Item D in the table
Knowledge:
A. Is an element of financial statements.
B. Should be managed.
C. Both is an element of financial statements and should be managed.D. Neither is an
element of financial statements nor should be managed.
COBIT's enablers include people, skills and competencies. According to the AICPA,
broad business perspective competencies needed by accounting professionals include:
A. legal and global
B. legal and measurement
C. global and measurement
D. legal, global and measurement
The PCAOB has:
A. Eliminated autonomy of practice in the accounting profession.
B. Limited autonomy of practice in the accounting profession.
C. Had no effect on autonomy of practice in the accounting profession.
D. Worked with FASB to enhance autonomy of practice in the accounting profession.
April compiled checks, receipts and invoices, then entered them into Quickbooks. She
printed out her financial statements and took them to the bank as documentation for a
loan application. In that scenario, checks, receipts and invoices could be referred to as:
A. Documents and data
B. Data and information
C. Documents and information
D. Documents, data and information
A systems flowchart contains two process symbols, one manual process symbol and one
predefined process symbol. If that same system were depicted with a leveled set of data
flow diagrams, how many circles would the context diagram have?
A. One
B. Two
C. Three
D. Four
Several items that might appear in a systems flowchart and/or a data flow diagram are
listed below. For each item, draw the symbol you would use to represent it in both
forms of systems documentation. If no appropriate symbol exists, use an "X."
a. Customer check
b. Electronic sales transaction file
c. End of a process
d. Evaluate credit application
e. First National Bank
f. Grant credit?
g. Inventory master file (digital)
h. Paper file of payroll documents
i. Sales invoice
j. Start of a process
STC Corporation's enterprise resource planning system contains a cash payments table,
a cash receipts table and a cash table. The cash receipts table is most likely to be part of
which ERP module?
A. CRM
B. HRM
C. SCM
D. Financial management
Tagging software such as Ez-XBRL is often used in conjunction with what other type of
software?
A. Spreadsheets.
B. General ledger.
C. Both Spreadsheets and General ledger.
D. Neither Spreadsheets nor General ledger.
Consider the following set of symbols and the ELM case as you respond to the
question:
ELM Corporation sells durable medical equipment, such as wheelchairs and hospital
beds; each salesperson at ELM specializes in a specific type of medical equipment.
When a prospective client comes into their store, a greeter does a preliminary needs
assessment to determine what type(s) of equipment the client requires. Based on that
preliminary assessment, the greeter will match the client with a member of the sales
staff. The staff specialist does a more detailed needs assessment, the results of which go
into a computerized database along with the client's name, address, phone number and
other related information. After the needs assessment, the staff specialist determines the
client's budget, as well as whether the client has insurance coverage for the desired
equipment; clients without insurance coverage receive a 10% discount on all equipment
purchased up to $1,000, and a 20% discount for any sales over $1,000. The staff
specialist makes recommendations based on the client's needs and budget. If the client
chooses to purchase from ELM, the store fills out any necessary insurance paperwork
and collects the client's portion of the bill. For example, if an insured client purchases a
wheelchair with a price of $2,000 and the insurance covers 80%, ELM collects $400
from the client at the time of the sale. ELM accepts cash, checks and major credit cards
from clients. Insurance payments go directly to ELM's bank account and normally
arrive within 60 days of the sale. If the client needs more than one type of durable
medical equipment, the first staff specialist introduces the client to a subsequent staff
specialist, who repeats the process until all the client's equipment needs are met.
ELM's customer database could be represented with:
A. Symbol A only
B. Symbol B only
C. Either Symbol A or Symbol B
D. Neither Symbol A nor Symbol B
The Internet address that defines XBRL tags is called a(n):
A. Specification
B. Taxonomy
C. Namespace
D. Instance document
At HCK Corporation, only employees in the information systems department can install
new software on a computer. Which type of security control best describes that
practice?
A. Physical
B. Technical
C. Administrative
D. Practice
Consider the following short case as you respond to the question:
Amanda is a partner in a CPA firm; she supervises a staff of ten professionals, some of
whom are already licensed CPAs and some of whom are still working toward licensure.
She is responsible for audits of independent bookstores in California, Nevada and
Arizona. Amanda is concerned that the less experienced professionals she supervises
are repeating the mistakes she and the more experienced professionals on her team
made when they began auditing. She therefore wants to create a knowledge
management system.
Amanda's goal of creating a knowledge management system has helped to:
A. Create an organizational culture that supports the idea of knowledge sharing.
B. Define the business goals the knowledge management system will address.
C. Both create an organizational culture that supports the idea of knowledge sharing and
define the business goals the knowledge management system will address.
D. Neither create an organizational culture that supports the idea of knowledge sharing
nor define the business goals the knowledge management system will address.
Consider the following partially completed flowchart as you respond to the questions:
Which of the following phrases would appear in the title of the flowchart: (i) systems
flowchart, (ii) interview committee flowchart, (iii) prepared by.
A. i and ii only
B. i and iii only
C. ii and iii only
D. i, ii and iii
