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AA – Nov 2021 – L2 – Q5 – Audit Evidence

Discuss analytical review procedures and their purpose in auditing.

Question

One of the audit testing procedures available to the auditor is the Analytical Review Procedure.

a. Explain what is meant by Analytical Review Procedures. (6 Marks)
b. Explain FOUR types of general Analytical Review Procedures. (4 Marks)
c. What is the purpose of performing Analytical Review Procedures at the audit planning stage? (5 Marks)

Answer

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Tags: Analytical review, Audit Procedures, Financial Analysis, Planning Stage
Level: Level 1

Topic: Audit evidence
Series: NOV 2021

MI – Nov 2020 – L1 – SA – Q20 – Computer Hardware, Software, and Data Life Cycle

Identify the option that is NOT a type of wireless communication technology.

Question

The following are the different types of wireless communication technologies, EXCEPT:

A. Bluetooth

B. WiFi

C. Cellular

D. Satellite

E. Coaxial

Answer

Find Related Questions by Tags, levels, etc.

Tags: Information Technology, Technology Types, Wireless Communication
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: NOV 2020

MI – Nov 2020 – L1 – SA – Q19 – Information Systems Development and Security

Identify the device that uses light beams to convert images or text into digital files.

Question

Which of the following devices uses light beams to digitally convert images, codes, text, or objects as two-dimensional (2D) digital files for transfer to the computer for processing?

A. Magnetic Character Reader

B. Optical Character Reader

C. Optical Mark Reader

D. Digital Camera

E. Magnetic Ink Character Reader

Answer

Find Related Questions by Tags, levels, etc.

Tags: Data Input, Information Technology, Optical Character Recognition
Level: Level 1

Topic: Information Systems Development and Security
Series: NOV 2020

MI – Nov 2020 – L1 – SA – Q18 – Information System Development and Security

Identify the method of system changeover that maintains the old system operational after the new system is launched.

Question

The practice of keeping an old system operational after a new system has been launched is known as:

A. Direct Changeover

B. Parallel Changeover

C. Phased Changeover

D. Pilot Changeover

E. Concurrent Changeover

Answer

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Tags: Changeover, Information Technology, System Implementation
Level: Level 1

Topic: Information Systems Development and Security
Series: NOV 2020

MI – Nov 2020 – L1 – SA – Q17 – Computer Hardware, Software, and Data Life Cycle

Identify the full form of HTML.

Question

What is the full form of HTML?

A. Hyper Text Markup Language

B. Higher Transfer Markup Language

C. Hyper Transfer Markup Language

D. Higher Text Markup Language

E. Hyper Text Mark Language

Answer

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Tags: HTML, Information Technology, Web Development
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: NOV 2020

MI – Nov 2020 – L1 – SA – Q16 – Computer Hardware, Software, and Data Life Cycle

Identify the correct measurement for printer quality.

Question

Which of the following is the way of measuring printer quality?

A. Alphabet per strike

B. Words per inch

C. Strike per inch

D. Dots per inch

E. Alphabet per inch

Answer

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Tags: Information Technology, Measurement, Printer Quality
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: NOV 2020

TAX – May 2021 – L1 – SB – Q5b – Tax Administration and Enforcement

Calculate the land use charge payable by Mr. James Ado based on given parameters.

Question

Mr. James Ado who is a successful businessman built a house for commercial purposes at Surulere, Lagos, in 2018.
You are given the following information:
(i) The area of the land parcel is 3,600 square metres.
(ii) The average market value of a land parcel in the neighbourhood, on a per square metre basis is N17,000 as determined by the professional valuers appointed by the Commissioner.
(iii) The total developed floor area of the building on the plot of land is 2,000 square metres.
(iv) The average construction value of medium quality buildings and improvements in the neighbourhood, on a square metre basis, is put at N200, based on the market value of the property as determined by professional valuers.
(v) The depreciation rate for the buildings and improvements of land based on the age of the building is put at 1%.
(vi) The annual relief rate is 40%.
(vii) The annual charge rate expressed as a percentage of the assessed market value of the property is 0.76% of the assessed value.
Required:
Compute the land use charge payable by Mr. James Ado.

Answer

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Tags: Commercial Property, Lagos State, Land Use Charge, Property Valuation, Tax computation
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

MI – Nov 2020 – L1 – SA – Q15 – Computer Hardware, Software, and Data Life Cycle

Convert 1024 bits into bytes.

Question

1024 bits is equal to:

A. 1 Byte

B. 128 Bytes

C. 32 Bytes

D. 64 Bytes

E. 256 Bytes

Answer

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Tags: Bit Measurement, Data Storage, Information Technology
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: NOV 2020

MI – Nov 2020 – L1 – SA – Q14 – Computer Hardware, Software, and Data Life Cycle

Identify which option is NOT an operating system.

Question

Which of the following is NOT an operating system?

A. DOS

B. MAC

C. C

D. Linux

E. Windows

Answer

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Tags: Computer Software, Information Technology, Operating System
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: NOV 2020

MI – Nov 2020 – L1 – SA – Q13 – Information System Development and Security

Identify the primary purpose of a firewall in computer systems.

Question

Firewall in a computer system is used for:

A. Security

B. Transmission

C. Encryption

D. Fire drills

E. Reporting

Answer

Find Related Questions by Tags, levels, etc.

Tags: Firewall, Information Systems, Security
Level: Level 1

Topic: Information Systems Development and Security
Series: NOV 2020

AA – Nov 2021 – L2 – Q5 – Audit Evidence

Discuss analytical review procedures and their purpose in auditing.

Question

One of the audit testing procedures available to the auditor is the Analytical Review Procedure.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Analytical review, Audit Procedures, Financial Analysis, Planning Stage
Level: Level 1

Topic: Audit evidence
Series: NOV 2021

MI – Nov 2020 – L1 – SA – Q20 – Computer Hardware, Software, and Data Life Cycle

Identify the option that is NOT a type of wireless communication technology.

Question

The following are the different types of wireless communication technologies, EXCEPT:

A. Bluetooth

B. WiFi

C. Cellular

D. Satellite

E. Coaxial

Answer

Find Related Questions by Tags, levels, etc.

Tags: Information Technology, Technology Types, Wireless Communication
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: NOV 2020

MI – Nov 2020 – L1 – SA – Q19 – Information Systems Development and Security

Identify the device that uses light beams to convert images or text into digital files.

Question

Which of the following devices uses light beams to digitally convert images, codes, text, or objects as two-dimensional (2D) digital files for transfer to the computer for processing?

A. Magnetic Character Reader

B. Optical Character Reader

C. Optical Mark Reader

D. Digital Camera

E. Magnetic Ink Character Reader

Answer

Find Related Questions by Tags, levels, etc.

Tags: Data Input, Information Technology, Optical Character Recognition
Level: Level 1

Topic: Information Systems Development and Security
Series: NOV 2020

MI – Nov 2020 – L1 – SA – Q18 – Information System Development and Security

Identify the method of system changeover that maintains the old system operational after the new system is launched.

Question

The practice of keeping an old system operational after a new system has been launched is known as:

A. Direct Changeover

B. Parallel Changeover

C. Phased Changeover

D. Pilot Changeover

E. Concurrent Changeover

Answer

Find Related Questions by Tags, levels, etc.

Tags: Changeover, Information Technology, System Implementation
Level: Level 1

Topic: Information Systems Development and Security
Series: NOV 2020

MI – Nov 2020 – L1 – SA – Q17 – Computer Hardware, Software, and Data Life Cycle

Identify the full form of HTML.

Question

What is the full form of HTML?

A. Hyper Text Markup Language

B. Higher Transfer Markup Language

C. Hyper Transfer Markup Language

D. Higher Text Markup Language

E. Hyper Text Mark Language

Answer

Find Related Questions by Tags, levels, etc.

Tags: HTML, Information Technology, Web Development
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: NOV 2020

MI – Nov 2020 – L1 – SA – Q16 – Computer Hardware, Software, and Data Life Cycle

Identify the correct measurement for printer quality.

Question

Which of the following is the way of measuring printer quality?

A. Alphabet per strike

B. Words per inch

C. Strike per inch

D. Dots per inch

E. Alphabet per inch

Answer

Find Related Questions by Tags, levels, etc.

Tags: Information Technology, Measurement, Printer Quality
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: NOV 2020

TAX – May 2021 – L1 – SB – Q5b – Tax Administration and Enforcement

Calculate the land use charge payable by Mr. James Ado based on given parameters.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Commercial Property, Lagos State, Land Use Charge, Property Valuation, Tax computation
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

MI – Nov 2020 – L1 – SA – Q15 – Computer Hardware, Software, and Data Life Cycle

Convert 1024 bits into bytes.

Question

1024 bits is equal to:

A. 1 Byte

B. 128 Bytes

C. 32 Bytes

D. 64 Bytes

E. 256 Bytes

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bit Measurement, Data Storage, Information Technology
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: NOV 2020

MI – Nov 2020 – L1 – SA – Q14 – Computer Hardware, Software, and Data Life Cycle

Identify which option is NOT an operating system.

Question

Which of the following is NOT an operating system?

A. DOS

B. MAC

C. C

D. Linux

E. Windows

Answer

Find Related Questions by Tags, levels, etc.

Tags: Computer Software, Information Technology, Operating System
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: NOV 2020

MI – Nov 2020 – L1 – SA – Q13 – Information System Development and Security

Identify the primary purpose of a firewall in computer systems.

Question

Firewall in a computer system is used for:

A. Security

B. Transmission

C. Encryption

D. Fire drills

E. Reporting

Answer

Find Related Questions by Tags, levels, etc.

Tags: Firewall, Information Systems, Security
Level: Level 1

Topic: Information Systems Development and Security
Series: NOV 2020

Level: Level 1

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AA – Nov 2021 – L2 – Q5 – Audit Evidence

Discuss analytical review procedures and their purpose in auditing.

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MI – Nov 2020 – L1 – SA – Q20 – Computer Hardware, Software, and Data Life Cycle

Identify the option that is NOT a type of wireless communication technology.

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MI – Nov 2020 – L1 – SA – Q19 – Information Systems Development and Security

Identify the device that uses light beams to convert images or text into digital files.

You're reporting an error for "MI – Nov 2020 – L1 – SA – Q19 – Information Systems Development and Security"

MI – Nov 2020 – L1 – SA – Q18 – Information System Development and Security

Identify the method of system changeover that maintains the old system operational after the new system is launched.

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MI – Nov 2020 – L1 – SA – Q17 – Computer Hardware, Software, and Data Life Cycle

Identify the full form of HTML.

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MI – Nov 2020 – L1 – SA – Q16 – Computer Hardware, Software, and Data Life Cycle

Identify the correct measurement for printer quality.

You're reporting an error for "MI – Nov 2020 – L1 – SA – Q16 – Computer Hardware, Software, and Data Life Cycle"

TAX – May 2021 – L1 – SB – Q5b – Tax Administration and Enforcement

Calculate the land use charge payable by Mr. James Ado based on given parameters.

You're reporting an error for "TAX – May 2021 – L1 – SB – Q5b – Tax Administration and Enforcement"

MI – Nov 2020 – L1 – SA – Q15 – Computer Hardware, Software, and Data Life Cycle

Convert 1024 bits into bytes.

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MI – Nov 2020 – L1 – SA – Q14 – Computer Hardware, Software, and Data Life Cycle

Identify which option is NOT an operating system.

You're reporting an error for "MI – Nov 2020 – L1 – SA – Q14 – Computer Hardware, Software, and Data Life Cycle"

MI – Nov 2020 – L1 – SA – Q13 – Information System Development and Security

Identify the primary purpose of a firewall in computer systems.

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AA – Nov 2021 – L2 – Q5 – Audit Evidence

Discuss analytical review procedures and their purpose in auditing.

You're reporting an error for "AA – Nov 2021 – L2 – Q5 – Audit Evidence"

MI – Nov 2020 – L1 – SA – Q20 – Computer Hardware, Software, and Data Life Cycle

Identify the option that is NOT a type of wireless communication technology.

You're reporting an error for "MI – Nov 2020 – L1 – SA – Q20 – Computer Hardware, Software, and Data Life Cycle"

MI – Nov 2020 – L1 – SA – Q19 – Information Systems Development and Security

Identify the device that uses light beams to convert images or text into digital files.

You're reporting an error for "MI – Nov 2020 – L1 – SA – Q19 – Information Systems Development and Security"

MI – Nov 2020 – L1 – SA – Q18 – Information System Development and Security

Identify the method of system changeover that maintains the old system operational after the new system is launched.

You're reporting an error for "MI – Nov 2020 – L1 – SA – Q18 – Information System Development and Security"

MI – Nov 2020 – L1 – SA – Q17 – Computer Hardware, Software, and Data Life Cycle

Identify the full form of HTML.

You're reporting an error for "MI – Nov 2020 – L1 – SA – Q17 – Computer Hardware, Software, and Data Life Cycle"

MI – Nov 2020 – L1 – SA – Q16 – Computer Hardware, Software, and Data Life Cycle

Identify the correct measurement for printer quality.

You're reporting an error for "MI – Nov 2020 – L1 – SA – Q16 – Computer Hardware, Software, and Data Life Cycle"

TAX – May 2021 – L1 – SB – Q5b – Tax Administration and Enforcement

Calculate the land use charge payable by Mr. James Ado based on given parameters.

You're reporting an error for "TAX – May 2021 – L1 – SB – Q5b – Tax Administration and Enforcement"

MI – Nov 2020 – L1 – SA – Q15 – Computer Hardware, Software, and Data Life Cycle

Convert 1024 bits into bytes.

You're reporting an error for "MI – Nov 2020 – L1 – SA – Q15 – Computer Hardware, Software, and Data Life Cycle"

MI – Nov 2020 – L1 – SA – Q14 – Computer Hardware, Software, and Data Life Cycle

Identify which option is NOT an operating system.

You're reporting an error for "MI – Nov 2020 – L1 – SA – Q14 – Computer Hardware, Software, and Data Life Cycle"

MI – Nov 2020 – L1 – SA – Q13 – Information System Development and Security

Identify the primary purpose of a firewall in computer systems.

You're reporting an error for "MI – Nov 2020 – L1 – SA – Q13 – Information System Development and Security"

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