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Questions and Answers
What is the term for networks that operate within a confined geographic area, often used in homes or offices?
What is the term for networks that operate within a confined geographic area, often used in homes or offices?
Which term refers to the practice of ensuring that security records are adequately maintained over time?
Which term refers to the practice of ensuring that security records are adequately maintained over time?
What technology ensures that different servers in a data center are logically grouped and separated?
What technology ensures that different servers in a data center are logically grouped and separated?
Which process ensures that the data entered into a system meets specific prerequisite conditions?
Which process ensures that the data entered into a system meets specific prerequisite conditions?
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What is the name of the file sent to an ATM when a central database is busy?
What is the name of the file sent to an ATM when a central database is busy?
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Which of the following methods is NOT a popular method of capital budgeting?
Which of the following methods is NOT a popular method of capital budgeting?
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What does net present value represent?
What does net present value represent?
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Which type of analysis does NOT involve numerical probabilities or predictions of loss?
Which type of analysis does NOT involve numerical probabilities or predictions of loss?
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Risk analysis in business typically involves which of the following?
Risk analysis in business typically involves which of the following?
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What is typically used to present information in a clear and analytical manner?
What is typically used to present information in a clear and analytical manner?
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Which graph technique is used to visualize data trends?
Which graph technique is used to visualize data trends?
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What stage involves gathering and listing all necessary fields for a database project?
What stage involves gathering and listing all necessary fields for a database project?
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What analysis technique determines how variations in an independent variable affect a dependent variable?
What analysis technique determines how variations in an independent variable affect a dependent variable?
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What happens to a dependent query when a table gets updated?
What happens to a dependent query when a table gets updated?
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During which stage do we analyze our tables closely and create relationships between them?
During which stage do we analyze our tables closely and create relationships between them?
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Which type of analysis computes various reinvestment rates for expected returns?
Which type of analysis computes various reinvestment rates for expected returns?
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What is the main purpose of the Switchboard Manager in Microsoft Access 2010?
What is the main purpose of the Switchboard Manager in Microsoft Access 2010?
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What function is specifically used to calculate payments for loans over time?
What function is specifically used to calculate payments for loans over time?
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How does a query-based report differ from a report based on just one table?
How does a query-based report differ from a report based on just one table?
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Which analysis is used to break down the Return on Equity?
Which analysis is used to break down the Return on Equity?
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What common financing method can be used for properties and facilities?
What common financing method can be used for properties and facilities?
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Which method is used to include plain text in a mailing label report?
Which method is used to include plain text in a mailing label report?
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What is the function of a relationship in database design?
What is the function of a relationship in database design?
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What method is used to split windows into four in Excel 2010?
What method is used to split windows into four in Excel 2010?
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Which of the following best describes what a join does in a database?
Which of the following best describes what a join does in a database?
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How can you restrict cell values to allow only a predetermined list in Excel?
How can you restrict cell values to allow only a predetermined list in Excel?
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In IDEA, summarization accumulates the values of numeric fields for each ____________.
In IDEA, summarization accumulates the values of numeric fields for each ____________.
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Which type of sampling involves selecting sampling units using a fixed interval?
Which type of sampling involves selecting sampling units using a fixed interval?
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What method ensures that all combinations of sampling units in the population have an equal chance of selection?
What method ensures that all combinations of sampling units in the population have an equal chance of selection?
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Is Input Control method a part of Application Control Group?
Is Input Control method a part of Application Control Group?
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Which type of check can be run when data is input through a terminal?
Which type of check can be run when data is input through a terminal?
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In which system are money transfers done on a one-to-one basis while in another system transfers are done in batches?
In which system are money transfers done on a one-to-one basis while in another system transfers are done in batches?
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Which system of money transfer is primarily used for large transactions?
Which system of money transfer is primarily used for large transactions?
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What does STP generate for every outbound RTGS transaction?
What does STP generate for every outbound RTGS transaction?
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What action should you take to update a Pivot Table report data after modifications to the source data?
What action should you take to update a Pivot Table report data after modifications to the source data?
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Which of the following options are views available to display a Table?
Which of the following options are views available to display a Table?
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Which tool in a database creates a drop-down list of values to choose from?
Which tool in a database creates a drop-down list of values to choose from?
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What does a Query do in a database context?
What does a Query do in a database context?
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Which of the following is a database language that allows access or maintenance of data?
Which of the following is a database language that allows access or maintenance of data?
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Which of the following is NOT a command provided by DCL?
Which of the following is NOT a command provided by DCL?
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Which of the following is not a recognized database model?
Which of the following is not a recognized database model?
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Which type of field typically has a width of 8 bytes?
Which type of field typically has a width of 8 bytes?
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Study Notes
Advanced ITT Question Bank Study Notes
- Question 1: In IDEA, statistical functions can be applied to both numeric and date data.
- Question 2: In IDEA, the increment value in stratification can be fixed or free interval. This is TRUE.
- Question 3: In IDEA, stratified random functions are part of the Analysis menu.
- Question 4: ACL and IDEA are audit software. Unix is not an audit software. SOFTCAAT is not an audit software.
- Question 5: Equation Editor and Function Editor are used in IDEA for complex calculations and exception testing.
- Question 6: Categories of computer audit functions include items of audit interest, data analysis, and system validation. All of the above are categories.
- Question 7: Stratification is an audit function.
- Question 8: In source code review methodology, the steps are: Reviewing programming standards; Understanding program specifications; Formulating flaw hypotheses; All of the above steps may be used.
- Question 9: In IDEA, use sequence, checking and filtering functions to find repeated values.
- Question 10: In IDEA, stratification can be applied to numeric and date data.
- Question 11: In IDEA, summarization accumulates numeric data for each primary key, unique key, or secondary key, or composite key.
- Question 12: Systematic sampling uses a fixed interval between selections.
- Question 13: Random sampling ensures equal chances for all combinations of sampling units in a population.
- Question 14: Input Control method is part of Application Control Group. This statement is TRUE.
- Question 15: Field check can be performed when inputting data through a terminal.
- Question 16: Money transfers are one-to-one in a system. Transfers are done in batches in another system.
- Question 17: Money transfers in the books of the beneficiary bank, central bank (RBI), or remitting bank.
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Description
Test your knowledge on the advanced functionalities of ITT audit software, including IDEA and its statistical functions. This quiz covers key concepts like stratification, audit categories, and source code review methodology. Perfect for students and professionals looking to reinforce their understanding of audit software tools.
