Auditing Chapter 1 - Assurance Services on Information Technology
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Auditing Chapter 1 - Assurance Services on Information Technology

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@DeadCheapMilwaukee

Questions and Answers

Internal auditors are usually independent consultants hired by a company.

False

Compliance audits are not typically performed by internal auditors.

False

CPAs are required to pass four sections of the CPA examination.

False

Tax auditors are responsible for addressing internal control within a company.

<p>False</p> Signup and view all the answers

The Institute of Internal Auditors is the national organization of internal auditors.

<p>False</p> Signup and view all the answers

CPA candidates are not required to have any practical experience to become certified.

<p>False</p> Signup and view all the answers

Tax auditors primarily focus on developing fraud risk profiles and assessing the adequacy of company systems in preventing fraud.

<p>False</p> Signup and view all the answers

Internal auditors assess security risks and controls over data stored electronically, including backup adequacy.

<p>True</p> Signup and view all the answers

CPA requirements involve compliance audits to ensure adherence to trading policies and procedures.

<p>False</p> Signup and view all the answers

Compliance with entertainment royalty agreements is an example of an assurance service.

<p>True</p> Signup and view all the answers

Internal controls relate to evaluating the adequacy of environmental audits.

<p>False</p> Signup and view all the answers

Differentiating the three main types of audits is a learning objective in CPA requirements.

<p>False</p> Signup and view all the answers

WebTrust is an attestation service that evaluates and tests system reliability in areas such as security and data integrity.

<p>False</p> Signup and view all the answers

SysTrust is primarily concerned with evaluating processing integrity and availability.

<p>True</p> Signup and view all the answers

Online privacy is not one of the principles for WebTrust and SysTrust services.

<p>False</p> Signup and view all the answers

Certification authorities are considered in both WebTrust and SysTrust services.

<p>False</p> Signup and view all the answers

Controls over and risks related to investments are typically assessed as part of WebTrust and SysTrust services.

<p>False</p> Signup and view all the answers

Compliance audits are a common scope of work for both WebTrust and SysTrust services.

<p>False</p> Signup and view all the answers

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