A feasibility study for a new computer system should a. consider costs, savings, controls, profit improvement, and other benefits analyzed by application area. b. provide the preliminary plan for converting existing manual systems and clerical operations. c. provide management with assurance from qualified, independent consultants that the use of a computer system appeared justified. d. include a report by the internal audit department that evaluated internal control features for each planned application.

Audit teams use the test data method to gain certain assurances with respect toa. Input data.b. Machine capacity.c. Control procedures contained within the program.d. General controls

Which of the following are typical prevention costs? (Check all that apply.) Multiple select question. Quality circles Statistical process control Depreciation of test equipment Debugging software errors

Critically Analyse the importance of quality management in auditing and assuranceand recommend how audit firms can address any quality control issues and ensurecompliance with auditing and assurance standards.

In auditing program change control, the IT auditor will: a. Not need to inspect program authorization forms for signatures b. Ensure an organization is following the process described in their documentation for program change control c. Make sure that only computer programmers move their own changes into a production environment d. Make sure that only computer programmers have tested the changes they made to programs

Aligning the                               to the organization's strategic objectives links the entire audit process to business objectives and enterprise-wide risks.  To effectively allocate audit resources, audit departments should develop a risk-based                               that takes into consideration the full audit universe and the risks associated with each audit universe item, including any departmental resource constraints. a) audit department; audit strategy  b) risk assessment; audit plan c) audit universe; audit approach  d) audit charter; audit budget

Which activities are performed in a change management audit? a) Assessment of the "design" of the change management controls b) "Operating effectiveness" testing of change approvals c) Assess source code management d) All of the above

Auditors identify and assess the risk of material misstatement at these two levels Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Financial Statement level and Information Process Goals level b Financial statement level and Operations Process Goals level c Information Process Goals level and Operations process goals level d Financial Statement Level and Relevant Assertion Level

Compile a full set of notes which you will use to prepare for the training session that you are required to present. The notes should include: a) The steps a professional accountant should take in applying the conceptual framework approach. b) An explanation of the five categories of threats suggested by the code. c) A brief description of six general safeguards in an audit firm’s work environment that will ensure that threats to compliance with the fundamental principles are addressed appropriately