Question

1. Which input control check would detect a posting to the wrong customer account?

a. missing data check

b. check digit

c. reasonableness check

d. validity check

2. Which of the following is an example of an input error correction technique?

a. immediate correction

b. rejection of batch

c. creation of error file

d. All are examples of input error correction techniques.

3. Which of the following is not an example of a processing control?

a. a hash total

b. a record count

c. a batch total

d. a check digit

4. Methods used to maintain an audit trail in a computerized environment include all of the following except

a. transaction logs

b. transaction listings

c. data encryption

d. log of automatic transactions

5. Which of the following is not an issue to be addressed in a business code of ethics required by the SEC?

a. conflicts of interest

b. full and fair disclosures

c. equitable access to records by all classes of employees

d. internal reporting of code violations.

6. Which of the following is not a principal type of corruption?

a. bribery

b. skimming

c. conflict of interest

d. economic extortion

7. All of the following are factors in the fraud triangle except

a. ethical behavior of an individual

b. pressure exerted on an individual at home and job related

c. materiality of the assets

d. opportunity to gain access to assets

8. Internal control systems have limitations. These include all of the following except

a. possibility of honest error

b. circumvention

c. management override

d. stability of systems

9. Computer programs are intellectual property.

True

False

10. Cash larceny involves stealing cash from an organization before it is recorded on the organization's books and records.

True

False

11. Which of the following is an input control?

a. reasonableness check

b. run-to-run check

c. spooling check

d. batch check

12. Which of the following is not part of the COSO framework?

a. monitoring

b. risk assessment

c. certification by management

d. control activities

Answer 1

1)  b. check digit
2)  d. All are examples of input error correction techniques.
3)  d. a check digit
4)  c. data encryption