Question 1

The term _________ refers to the audit procedures deemed necessary in the circumstances to achieve the objective of the audit. The procedures required to conduct an audit in accordance with _________ should be determined by the auditor having regard to the requirements of ISAs, relevant professional bodies, legislation, and regulations:

Options :

A : Scope of an audits, ISAs

B : Purpose of an audit, PSPs

C : Principle of an audit, ISAs

D : Purpose of an audit, ISAs

Answer: A

Question 2

Systems software consists of computer programs and related routines that control computer processing. Control techniques for systems software include all of the following EXCEPT:

Options :

A : Securing dial-up lines for access to computer resources.

B : Setting appropriate system parameters and security options for operating systems.

C : Controlling procurement and maintenance of software licenses.

D : Using the security features of security software effectively.

Answer: A

Question 3

All of the following are guidelines for effective personnel management EXCEPT:

Options :

A : Plan for personnel needs and review hiring results periodically to determine whether personnel needs are being achieved

B : Estimate the significance of a risk (magnitude of exposure in dollars or other type of measure, type of threat, duration, etc.)

C : Provide continuing education and training for staff (external or in-house training courses, professional conferences, or seminars).

D : Develop procedures to identify sources of potential hires, methods of contacting and attracting potential hires, and methods of evaluating and selecting potential hires

Answer: B

Question 4

The ______ is the sum of the values of a group of items divided by the number of those items. Arithmetic mean is the most commonly used type of average. Where as_______ is a widely used measure of dispersion. The standard deviation represents the deviations of individual observations from the mean.

Options :

A : Arithmetic mean, standard deviation

B : Standard deviation, arithmetic mean

C : Mean, median

D : Median, mode

Answer: A

Question 5

All of the following are questions auditors may ask when testing controls of safeguards over assets and records please choose the correct option:

Options :

A : Is confidential or sensitive information kept separate from other records?

B : Does management provide a favorable control environment in the organization?

C : Does adequate physical security exist over assets and records? Are storerooms locked? Are equipment and inventories properly recorded? Are there adequate environmental controls over assets (e.g., appropriate temperature)?

D : Only A & C

Answer: D