TEST BANKS & SOLUTION MANUALS
LIST OF PRODUCTS
GUIDE
CONTACT US
Test Bank
Login / Register
0 items / $0.00
Menu
Test Bank testbank logo2
0 items / $0.00
  • Home
  • Health Professions
    • Nursing
    • Pharmacology/Surgical
    • Surgical Technology
    • Health and Disease
    • Blood Banking
    • Medical
    • Medicine
    • Emergency Care
    • Nutritional Care
    • Dental Materials
    • Cancer
    • Drug
  • Business & Management
    • Accounting
    • Marketing
    • Management
    • Statistics
    • Auditing
    • Business
    • Business Statistics
    • Banking
    • Financial
    • Financial Accounting
    • Personal Finance
    • Investment
    • Taxation of Business
  • Exams
    • Physical/Examination
  • Science & Technology
    • Biology
    • Chemistry
    • Biochemistry
    • Basic Chemistry
    • Environmental Science
    • Geography
    • Math
    • Psychology
    • Anatomy & Physiology
    • Astronomy
    • Information Technology
    • Microbiology/Biology
    • Neuropsychology
    • Pediatric Primary
    • Research Method
  • Engineering
    • Information Technology
    • Computing Technology
    • Data Analysis
    • Database
    • Web Design
    • Web Development
  • Humanities
    • Communication
    • Economics
    • Education
    • History
    • Sociology
    • Human Development
    • Human Physiology
    • Human Sexuality
    • Politics
    • Criminology
    • Criminal Justic
    • Art
    • Leadership
    • Learning
    • Legal Environment
    • Lifespan
    • Relationship
  • Blog
-50%
Accounting Information Systems 2nd Edition By Vernon Richardson – Test Bank
Click to enlarge
Home » Shop » Accounting Information Systems 2nd Edition By Vernon Richardson – Test Bank
Accounting Information Systems 13th Edition By Marshall B. Romney – Test Bank
Accounting Information Systems 13th Edition By Marshall-B.-Romney – Test Bank $40.00 Original price was: $40.00.$20.00Current price is: $20.00.
Back to products
Accounting 26th Edition By Warren – Test Bank
Accounting 26th Edition By Carl Warren James – Test Bank $40.00 Original price was: $40.00.$20.00Current price is: $20.00.

Accounting Information Systems 2nd Edition By Vernon Richardson – Test Bank

$40.00 Original price was: $40.00.$20.00Current price is: $20.00.

This is not a Textbook. Please check the free sample before buying.

Edition: 2nd Edition

Format: Downloadable ZIP Fille

Resource Type: Test bank

Duration: Unlimited downloads

Delivery: Instant Download

Add to wishlist
SKU: 876545 Category: Accounting
Share:
  • Description
  • Reviews (0)
  • Instant Delivery By Mail
Description

Accounting Information Systems 2nd Edition By Vernon Richardson – Test Bank

Chapter 11
AIS and Internal Controls
Answer Key

True / False Answers

1. The Sarbanes-Oxley Act of 2002 (SOX) 2002 requires the management of all companies and their auditors to assess and report on the design and effectiveness of internal control over financial reporting annually.

Answer: False
AACSB: Reflective Thinking
AICPA BB: Industry
AICPA FN: Reporting
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 11-01 Explain essential control concepts and why a code of ethics and internal controls are important
Source: Original
Topic: The Need for a Code of Ethics
Topic: Overview of Control Concepts

 

2. According to the Sarbanes-Oxley Act of 2002, it is the responsibility of the Board of Directors to establish and maintain the effectiveness of internal control.

Answer: False
AACSB: Reflective Thinking
AICPA BB: Industry
AICPA FN: Decision Making
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 11-01 Explain essential control concepts and why a code of ethics and internal controls are important
Source: Original
Topic: The Need for a Code of Ethics
Topic: Overview of Control Concepts

3. In a computerized environment, internal controls can be categorized as general controls and application controls.

Answer: True
AACSB: Reflective Thinking
AICPA BB: Industry
AICPA FN: Decision Making
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 11-01 Explain essential control concepts and why a code of ethics and internal controls are important
Source: Original
Topic: Overview of Control Concepts

4. Internal controls guarantee the accuracy and reliability of accounting records.

Answer: False
AACSB: Reflective Thinking
AICPA BB: Industry
AICPA FN: Decision Making
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 11-01 Explain essential control concepts and why a code of ethics and internal controls are important
Source: Original
Topic: Overview of Control Concepts

5. Segregation of duties reduces the risk of errors and irregularities in accounting records.

Answer: True
AACSB: Reflective Thinking
AICPA BB: Industry
AICPA FN: Decision Making
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 11-02 Explain the objectives and components of COSO Internal Control framework and those of COSO Enterprise Risk Management (ERM) framework
Source: Original
Topic: COSO Internal Control Framework

6. The chief executive officer is ultimately responsible for enterprise risk management.

Answer: True
AACSB: Reflective Thinking
AICPA BB: Industry
AICPA FN: Decision Making
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 11-02 Explain the objectives and components of COSO Internal Control framework and those of COSO Enterprise Risk Management (ERM) framework
Source: Original
Topic: COSO Enterprise Risk Management (ERM) Framework

7. The risk of a company’s internal auditing processes failing to catch the misstated dollar amount of revenue on the company’s income statement is classified as inherent risk.

Answer: False
AACSB: Reflective Thinking
AICPA BB: Industry
AICPA FN: Risk Analysis
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 11-02 Explain the objectives and components of COSO Internal Control framework and those of COSO Enterprise Risk Management (ERM) framework
Source: Original
Topic: COSO Internal Control Framework

8. Processing controls are IT general controls.

Answer: False
AACSB: Reflective Thinking
AICPA BB: Industry
AICPA FN: Leveraging Technology
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 11-02 Explain the objectives and components of COSO Internal Control framework and those of COSO Enterprise Risk Management (ERM) framework
Source: Original
Topic: COSO Internal Control Framework

9. COBIT (Control Objectives for Information and related Technology) is a generally accepted framework for IT governance in the U.S.

Answer: True
AACSB: Reflective Thinking
AICPA BB: Industry
AICPA FN: Risk Analysis
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 11-03 Describe the overall COBIT framework and its implications on IT governance
Source: Original
Topic: COBIT Framework

10. The main objective of the ISO 27000 series is to provide a model for establishing, implementing, operating, monitoring, maintaining, and improving information security.

Answer: True
AACSB: Reflective Thinking
AICPA BB: Industry
AICPA FN: Risk Analysis
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 11-04 Describe other governance framework related to information systems management and security
Source: Original
Topic: ISO 27000 SeriesGiven the requirement of the Sarbanes-Oxley Act of 2002 (SOX), the Public Company Accounting Oversight Board (PCAOB) established the Securities and Exchange Commission (SEC) to provide independent oversight of public accounting firms.

Answer: False
AACSB: Reflective Thinking
AICPA BB: Industry
AICPA FN: Decision Making
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 11-01 Explain essential control concepts and why a code of ethics and internal controls are important
Source: Original
Topic: The Need for a Code of Ethics
Topic: Overview of Control Concepts

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “Accounting Information Systems 2nd Edition By Vernon Richardson – Test Bank” Cancel reply

Your email address will not be published. Required fields are marked *

Instant Delivery By Mail

Related products

-50%
Accounting Information Systems 12th Edition Solution By Romney Paul – Test Bank
Quick view
Add to wishlist
Add to cart

Accounting Information Systems 12th Edition Solution By Romney Paul – Test Bank

$40.00 Original price was: $40.00.$20.00Current price is: $20.00.
-50%
Advanced Accounting 13th Edition By Joe Ben Hoyle – Test Bank
Quick view
Add to wishlist
Add to cart

Advanced Accounting 13th Edition By Joe Ben Hoyle – Test Bank

$40.00 Original price was: $40.00.$20.00Current price is: $20.00.
-50%
Accounting For Non Accounting Students 9th Edition By John Dyson – Test Bank
Quick view
Add to wishlist
Add to cart

Accounting For Non-Accounting Students 9th Edition By John Dyson – Test Bank

$40.00 Original price was: $40.00.$20.00Current price is: $20.00.
-50%
Accounting For Decision Making And Control 9th Edition By Zimmerman – Test Bank
Quick view
Add to wishlist
Add to cart

Accounting For Decision Making And Control 9th Edition By Zimmerman – Test Bank

$40.00 Original price was: $40.00.$20.00Current price is: $20.00.
-50%
Accounting Principles 7th Canadian Edition Volume 1 By Jerry – Test Bank
Quick view
Add to wishlist
Add to cart

Accounting Principles 7th Canadian Edition Volume 1 By Jerry – Test Bank

$40.00 Original price was: $40.00.$20.00Current price is: $20.00.
-50%
Accounting Volume 2 Canadian 9th Edition By Horngren – Test Bank 1
Quick view
Add to wishlist
Add to cart

Accounting Volume 2 Canadian 9th Edition By Horngren – Test Bank

$40.00 Original price was: $40.00.$20.00Current price is: $20.00.
-50%
Advanced Assessment Interpreting Findings 3rd Edition By Goolsby Grubbs – Test Bank
Quick view
Add to wishlist
Add to cart

Advanced Assessment Interpreting Findings 3rd Edition By Goolsby Grubbs – Test Bank

$40.00 Original price was: $40.00.$20.00Current price is: $20.00.
-50%
Accounting 25th Edition By Warren – Test Bank 1
Quick view
Add to wishlist
Add to cart

Accounting 25th Edition By Warren – Test Bank

$40.00 Original price was: $40.00.$20.00Current price is: $20.00.
Test Bank
  • 3277 S WHITE RD SAN JOSE, CA 95148
  • Phone: (064) 332-1233
  • admin@testbank.ltd
MAIN
  • Home
  • Blog
  • Guide
  • FAQs
  • Contact us
  • Account
Categories
  • Test Banks & Solutions
  • List of Products
  • Nursing Test Bank
  • Accounting Test Bank
  • Exams Test Bank
  • Surgical Test Bank
NEED HELP?
  • Privacy Policy
  • Refund & Returns
  • Terms And Conditions
  • Shipping Policy
  • Billing Term Conditions
  • Submit your Request
NEW REQUEST

We have the biggest collection of authentic Test Banks with many more being uploaded every day so if you can’t find your desired Test Bank or Solution Manual then please Submit Request and we will send it to your inbox.

Test Bank 2023 All Right Reserved
payments
  • Home
  • Health Professions
    • Nursing
    • Pharmacology/Surgical
    • Surgical Technology
    • Health and Disease
    • Blood Banking
    • Medical
    • Medicine
    • Emergency Care
    • Nutritional Care
    • Dental Materials
    • Cancer
    • Drug
  • Business & Management
    • Accounting
    • Marketing
    • Management
    • Statistics
    • Auditing
    • Business
    • Business Statistics
    • Banking
    • Financial
    • Financial Accounting
    • Personal Finance
    • Investment
    • Taxation of Business
  • Exams
    • Physical/Examination
  • Science & Technology
    • Biology
    • Chemistry
    • Biochemistry
    • Basic Chemistry
    • Environmental Science
    • Geography
    • Math
    • Psychology
    • Anatomy & Physiology
    • Astronomy
    • Information Technology
    • Microbiology/Biology
    • Neuropsychology
    • Pediatric Primary
    • Research Method
  • Engineering
    • Information Technology
    • Computing Technology
    • Data Analysis
    • Database
    • Web Design
    • Web Development
  • Humanities
    • Communication
    • Economics
    • Education
    • History
    • Sociology
    • Human Development
    • Human Physiology
    • Human Sexuality
    • Politics
    • Criminology
    • Criminal Justic
    • Art
    • Leadership
    • Learning
    • Legal Environment
    • Lifespan
    • Relationship
  • Blog
  • Wishlist
  • Login / Register
Shopping cart
close

Sign in

close

Lost your password?

No account yet?

Create an Account
Start typing to see products you are looking for.
Shop
Wishlist
0 items Cart
My account