Questions from Accounting Information Systems

Q: For each of the following scenarios, determine whether the company’s current

For each of the following scenarios, determine whether the company’s current backup procedures enable it to meet its recovery objectives and explain why: a. Scenario 1:  Recovery point objective =...

Q: You are the director of internal auditing at a university. Recently

You are the director of internal auditing at a university. Recently, you met with Issa Arnita, the manager of administrative data processing, and expressed the desire to establish a more effective int...

Q: Obtain the practitioner’s version of Generally Accepted Privacy Principles from the AICPA’s

Obtain the practitioner’s version of Generally Accepted Privacy Principles from the AICPA’s web site (www.aicpa.org). You will find it located under professional resources and then information technol...

Q: The fixed-asset master file at Thermo-Bond includes the

The fixed-asset master file at Thermo-Bond includes the following data items: Asset number ………………………….. Date of retirement (99/99/2099 for assets still in service)  Description …………………….………. Dep...

Q: You are auditing the financial statements of a cosmetics distributor that sells

You are auditing the financial statements of a cosmetics distributor that sells thousands of individual items. The distributor keeps its inventory in its distribution center and in two public warehous...

Q: Which of the following should have the primary responsibility to detect and

Which of the following should have the primary responsibility to detect and correct data processing errors? Explain why that function should have primary responsibility and why the others should not....

Q: As an internal auditor for the Quick Manufacturing Company, you are

As an internal auditor for the Quick Manufacturing Company, you are participating in the audit of the company’s AIS. You have been reviewing the internal controls of the computer system that processes...

Q: As an internal auditor, you have been assigned to evaluate the

As an internal auditor, you have been assigned to evaluate the controls and operation of a computer payroll system. To test the computer systems and programs, you submit independently created test tra...

Q: You are involved in the audit of accounts receivable, which represent

You are involved in the audit of accounts receivable, which represent a significant portion of the assets of a large retail corporation. Your audit plan requires the use of the computer, but you encou...

Q: You are a manager for the CPA firm of Dewey, Cheatem

You are a manager for the CPA firm of Dewey, Cheatem, and Howe (DC&H). While reviewing your staff’s audit work papers for the state welfare agency, you find that the test data approach was used to tes...