Question Tag: IT Systems

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AA – Nov 2024 – L2 – Q2a – Cyber Security Threats & amp; Audit Response

Discusses cyber security threats in an IT-enabled audit environment and the appropriate audit responses to mitigate such risks.

Question

You are part of a team undertaking the audit of Glaglo LTD, a local retail company. The company recently introduced an online marketing and sales system. As part of understanding the company’s revenue process by way of a walkthrough test, you noted that the company has recently engaged a fintech company to handle payment processing from these online sales.

Required:

i) Discuss FOUR cyber security threats associated with the IT System employed by Glaglo LTD.

ii) State the audit response to the cyber security threats associated with the IT System employed by Glaglo LTD.

Answer

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Tags: Audit response, Cyber Security, Fintech, IT Controls, IT Systems, Online Sales, Risk Assessment
Level: Level 2

Topic: Definition and scope of the internal audit function
Series: Nov 2024

AAA – Nov 2014 – L3 – SC – Q7 – Audit of IT Systems and Data Analytics

Evaluates factors influencing the use of CAATs in audit planning and identifies solutions to address audit trail loss.

Question

CAATs

The availability of Computer Assisted Audit Techniques (CAATs) should be considered by auditors when planning the nature, extent, and timing of tests in an audit. Auditors must determine their testing strategies which will depend on their choice of either using a manual testing method or a computer-assisted method.

Required:

(a) Explain FIVE factors that will determine auditors’ choice of method of testing in the planning of an audit in a computer environment. (10 Marks)

(b) Identify FIVE solutions to loss of audit trail. (5 Marks)

Answer

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Tags: AATs, Audit Planning, Audit Techniques, Audit trail, Data Analytics, IT Systems, Risk Management, Testing Methods
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2014

AAA – Nov 2013 – L3 – SB – Q4 – Audit of IT Systems and Data Analytics

Discuss factors influencing the choice of audit testing methods in a computer environment and propose solutions to address the loss of audit trail.

Question

The availability of computer-assisted audit techniques should be considered by the auditor when planning the nature, extent, and timing of tests in an audit. The auditor must determine his testing strategies which will depend on his choice of either using a manual testing method or computer-assisted method.

You are required to:

(a) Explain FIVE factors that will determine the auditor’s choice of method of testing in the planning of an audit in a computer environment. (10 Marks)

(b) Identify FIVE solutions to loss of audit trail. (5 Marks)

(Total: 15 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Planning, Audit testing methods, Audit trail, Computer-Assisted Audit Techniques, Data Analytics, IT Systems, manual testing, Risk Assessment
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2013

AAA – Nov 2013 – L3 – AII – Q4 – Audit of IT Systems and Data Analytics

Identifies the computer file used to record and maintain payroll transactions and cumulative data.

Question

A computer file for recording payroll transactions for each employee and maintaining total employee salaries paid and related data for the year to date is called……………………………

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Procedures, Data Files, Employee Records, IT Systems, Payroll
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2013

AAA – Nov 2013 – L3 – A – Q2 – Audit of IT Systems and Data Analytics

This question assesses the knowledge of internal controls in a computerized accounting system.

Question

In order to understand the internal control system of a computerized accounting system of a client, which of the following computer documentation will assist the auditor the most?
A. System narrative
B. Record layout
C. Programme listing
D. Record counts
E. System flow charts

Answer

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Tags: Audit, Internal Control, IT Systems
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2013

AAA – Nov 2012 – L3 – SA – Q20 – Audit of IT Systems and Data Analytics

Identifying items not classified as computer audit programs.

Question

Which of the following is NOT an example of Computer Audit Program?

A. Computer audit software
B. Computer audit packages
C. Purpose written computer audit
D. Client’s installed file interrogation program

Answer

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Tags: Audit Tools, Computer Audit Programs, Data Analytics, IT Systems
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2012

AAA – Nov 2012 – L3 – SA – Q15 – Audit of IT Systems and Data Analytics

Key focus areas for IT Auditors in a risk-based audit program.

Question

While developing a risk-based audit program, the Information Technology Auditor most likely will focus on:

A. Strategic controls
B. Critical IT applications
C. Operation control
D. Business strategy
E. Business process

Answer

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Tags: Audit Focus, Critical Applications, IT Audit, IT Systems, Risk-Based Audit
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2011

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

Question

Which ONE of the following is NOT an example of Computer Assisted Audit Technique?

A. Read only memory
B. System control and review file
C. Integrated test facilities
D. Snapshot
E. Mapping

Answer

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Tags: Audit Techniques, Audit Tools, CAATs, Data Analytics, IT Systems
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2011

AAA – Nov 2018 – L3 – Q1 – Audit of IT Systems and Data Analytics

Training audit personnel on issues and controls for online businesses audit

Question

You are the audit partner of Rolami Adiatu & Company, a firm of Chartered Accountants. In the process of planning an audit, you have identified the need to train audit personnel involved in the audit of clients engaged in online businesses.

You have concluded arrangements with your human resources department to organize training for the firm’s audit team, which includes trainees, supervisors, and managers. You are preparing notes that will assist you in training the team to appreciate the problems that may arise in the audit of online businesses and how they could be minimized.

Required:

a. Prepare briefing notes explaining online systems and the operational advantages they offer to entities that use them. (6 Marks)

b. Identify the general and application controls needed to tackle the audit problems created by online systems. (9 Marks)

c. i. Discuss Electronic Data Interchange (EDI). ii. Explain four possible problems EDI may create for the auditor. iii. Explain four relevant controls to minimize the audit risk inherent in EDI systems. (15 Marks)

Answer

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Tags: Application Controls, Audit Risk, EDI Systems, General controls, IT Systems, Online Audit
Level: Level 3

Topic: Audit of IT Systems and Data Analytics

SCS – MAR 2024 – L3 – Q3 – Functional strategies

Explain the potential benefits of resource sharing through common IT systems at Prestige.

Question

When five years ago the present regional divisional structure of Greater Accra, Ashanti, and Eastern was formalized, an attempt was made to ensure that common systems and ways of working were adopted across each of the three regions. However, due to the pressures on the Company, this was never fully implemented.

Required:
Explain the potential benefits of resource sharing (configuring an organization’s computing system in such a way that the information and resources within it can be accessed, and remotely accessed, across multiple administrative domains) to Prestige if they adopt common IT systems.

Answer

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Tags: Cost savings, IT Systems, remote access, resource sharing
Level: Level 3

Topic: Functional strategies
Series: MAR 2024

AA – Nov 2024 – L2 – Q2a – Cyber Security Threats & amp; Audit Response

Discusses cyber security threats in an IT-enabled audit environment and the appropriate audit responses to mitigate such risks.

Question

Required:

i) Discuss FOUR cyber security threats associated with the IT System employed by Glaglo LTD.

ii) State the audit response to the cyber security threats associated with the IT System employed by Glaglo LTD.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit response, Cyber Security, Fintech, IT Controls, IT Systems, Online Sales, Risk Assessment
Level: Level 2

Topic: Definition and scope of the internal audit function
Series: Nov 2024

AAA – Nov 2014 – L3 – SC – Q7 – Audit of IT Systems and Data Analytics

Evaluates factors influencing the use of CAATs in audit planning and identifies solutions to address audit trail loss.

Question

CAATs

Required:

(a) Explain FIVE factors that will determine auditors’ choice of method of testing in the planning of an audit in a computer environment. (10 Marks)

(b) Identify FIVE solutions to loss of audit trail. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: AATs, Audit Planning, Audit Techniques, Audit trail, Data Analytics, IT Systems, Risk Management, Testing Methods
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2014

AAA – Nov 2013 – L3 – SB – Q4 – Audit of IT Systems and Data Analytics

Discuss factors influencing the choice of audit testing methods in a computer environment and propose solutions to address the loss of audit trail.

Question

You are required to:

(a) Explain FIVE factors that will determine the auditor’s choice of method of testing in the planning of an audit in a computer environment. (10 Marks)

(b) Identify FIVE solutions to loss of audit trail. (5 Marks)

(Total: 15 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Planning, Audit testing methods, Audit trail, Computer-Assisted Audit Techniques, Data Analytics, IT Systems, manual testing, Risk Assessment
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2013

AAA – Nov 2013 – L3 – AII – Q4 – Audit of IT Systems and Data Analytics

Identifies the computer file used to record and maintain payroll transactions and cumulative data.

Question

A computer file for recording payroll transactions for each employee and maintaining total employee salaries paid and related data for the year to date is called……………………………

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Procedures, Data Files, Employee Records, IT Systems, Payroll
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2013

AAA – Nov 2013 – L3 – A – Q2 – Audit of IT Systems and Data Analytics

This question assesses the knowledge of internal controls in a computerized accounting system.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit, Internal Control, IT Systems
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2013

AAA – Nov 2012 – L3 – SA – Q20 – Audit of IT Systems and Data Analytics

Identifying items not classified as computer audit programs.

Question

Which of the following is NOT an example of Computer Audit Program?

A. Computer audit software
B. Computer audit packages
C. Purpose written computer audit
D. Client’s installed file interrogation program

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Tools, Computer Audit Programs, Data Analytics, IT Systems
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2012

AAA – Nov 2012 – L3 – SA – Q15 – Audit of IT Systems and Data Analytics

Key focus areas for IT Auditors in a risk-based audit program.

Question

While developing a risk-based audit program, the Information Technology Auditor most likely will focus on:

A. Strategic controls
B. Critical IT applications
C. Operation control
D. Business strategy
E. Business process

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Focus, Critical Applications, IT Audit, IT Systems, Risk-Based Audit
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2011

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

Question

Which ONE of the following is NOT an example of Computer Assisted Audit Technique?

A. Read only memory
B. System control and review file
C. Integrated test facilities
D. Snapshot
E. Mapping

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Techniques, Audit Tools, CAATs, Data Analytics, IT Systems
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2011

AAA – Nov 2018 – L3 – Q1 – Audit of IT Systems and Data Analytics

Training audit personnel on issues and controls for online businesses audit

Question

Required:

a. Prepare briefing notes explaining online systems and the operational advantages they offer to entities that use them. (6 Marks)

b. Identify the general and application controls needed to tackle the audit problems created by online systems. (9 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Application Controls, Audit Risk, EDI Systems, General controls, IT Systems, Online Audit
Level: Level 3

Topic: Audit of IT Systems and Data Analytics

SCS – MAR 2024 – L3 – Q3 – Functional strategies

Explain the potential benefits of resource sharing through common IT systems at Prestige.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost savings, IT Systems, remote access, resource sharing
Level: Level 3

Topic: Functional strategies
Series: MAR 2024

Question Tag: IT Systems

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AA – Nov 2024 – L2 – Q2a – Cyber Security Threats & amp; Audit Response

Discusses cyber security threats in an IT-enabled audit environment and the appropriate audit responses to mitigate such risks.

You're reporting an error for "AA – Nov 2024 – L2 – Q2a – Cyber Security Threats & amp; Audit Response"

AAA – Nov 2014 – L3 – SC – Q7 – Audit of IT Systems and Data Analytics

Evaluates factors influencing the use of CAATs in audit planning and identifies solutions to address audit trail loss.

You're reporting an error for "AAA – Nov 2014 – L3 – SC – Q7 – Audit of IT Systems and Data Analytics"

AAA – Nov 2013 – L3 – SB – Q4 – Audit of IT Systems and Data Analytics

Discuss factors influencing the choice of audit testing methods in a computer environment and propose solutions to address the loss of audit trail.

You're reporting an error for "AAA – Nov 2013 – L3 – SB – Q4 – Audit of IT Systems and Data Analytics"

AAA – Nov 2013 – L3 – AII – Q4 – Audit of IT Systems and Data Analytics

Identifies the computer file used to record and maintain payroll transactions and cumulative data.

You're reporting an error for "AAA – Nov 2013 – L3 – AII – Q4 – Audit of IT Systems and Data Analytics"

AAA – Nov 2013 – L3 – A – Q2 – Audit of IT Systems and Data Analytics

This question assesses the knowledge of internal controls in a computerized accounting system.

You're reporting an error for "AAA – Nov 2013 – L3 – A – Q2 – Audit of IT Systems and Data Analytics"

AAA – Nov 2012 – L3 – SA – Q20 – Audit of IT Systems and Data Analytics

Identifying items not classified as computer audit programs.

You're reporting an error for "AAA – Nov 2012 – L3 – SA – Q20 – Audit of IT Systems and Data Analytics"

AAA – Nov 2012 – L3 – SA – Q15 – Audit of IT Systems and Data Analytics

Key focus areas for IT Auditors in a risk-based audit program.

You're reporting an error for "AAA – Nov 2012 – L3 – SA – Q15 – Audit of IT Systems and Data Analytics"

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

You're reporting an error for "AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics"

AAA – Nov 2018 – L3 – Q1 – Audit of IT Systems and Data Analytics

Training audit personnel on issues and controls for online businesses audit

You're reporting an error for "AAA – Nov 2018 – L3 – Q1 – Audit of IT Systems and Data Analytics"

SCS – MAR 2024 – L3 – Q3 – Functional strategies

Explain the potential benefits of resource sharing through common IT systems at Prestige.

You're reporting an error for "SCS – MAR 2024 – L3 – Q3 – Functional strategies"

AA – Nov 2024 – L2 – Q2a – Cyber Security Threats & amp; Audit Response

Discusses cyber security threats in an IT-enabled audit environment and the appropriate audit responses to mitigate such risks.

You're reporting an error for "AA – Nov 2024 – L2 – Q2a – Cyber Security Threats & amp; Audit Response"

AAA – Nov 2014 – L3 – SC – Q7 – Audit of IT Systems and Data Analytics

Evaluates factors influencing the use of CAATs in audit planning and identifies solutions to address audit trail loss.

You're reporting an error for "AAA – Nov 2014 – L3 – SC – Q7 – Audit of IT Systems and Data Analytics"

AAA – Nov 2013 – L3 – SB – Q4 – Audit of IT Systems and Data Analytics

Discuss factors influencing the choice of audit testing methods in a computer environment and propose solutions to address the loss of audit trail.

You're reporting an error for "AAA – Nov 2013 – L3 – SB – Q4 – Audit of IT Systems and Data Analytics"

AAA – Nov 2013 – L3 – AII – Q4 – Audit of IT Systems and Data Analytics

Identifies the computer file used to record and maintain payroll transactions and cumulative data.

You're reporting an error for "AAA – Nov 2013 – L3 – AII – Q4 – Audit of IT Systems and Data Analytics"

AAA – Nov 2013 – L3 – A – Q2 – Audit of IT Systems and Data Analytics

This question assesses the knowledge of internal controls in a computerized accounting system.

You're reporting an error for "AAA – Nov 2013 – L3 – A – Q2 – Audit of IT Systems and Data Analytics"

AAA – Nov 2012 – L3 – SA – Q20 – Audit of IT Systems and Data Analytics

Identifying items not classified as computer audit programs.

You're reporting an error for "AAA – Nov 2012 – L3 – SA – Q20 – Audit of IT Systems and Data Analytics"

AAA – Nov 2012 – L3 – SA – Q15 – Audit of IT Systems and Data Analytics

Key focus areas for IT Auditors in a risk-based audit program.

You're reporting an error for "AAA – Nov 2012 – L3 – SA – Q15 – Audit of IT Systems and Data Analytics"

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

You're reporting an error for "AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics"

AAA – Nov 2018 – L3 – Q1 – Audit of IT Systems and Data Analytics

Training audit personnel on issues and controls for online businesses audit

You're reporting an error for "AAA – Nov 2018 – L3 – Q1 – Audit of IT Systems and Data Analytics"

SCS – MAR 2024 – L3 – Q3 – Functional strategies

Explain the potential benefits of resource sharing through common IT systems at Prestige.

You're reporting an error for "SCS – MAR 2024 – L3 – Q3 – Functional strategies"

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