86 historically financial data used in one application was not easily transferable t 4311225

86.Historically, financial data used in one application was not easily transferable to other applications.  However, the problem was fixed with which one of the following?

            a) XMP

            b)ERP

            c)        XBRL

            d)        XMLP

87. “Excessive data reporting” can result in:

a)Massive quantities of data printed out by a company's computer

b)The generation of unnecessary reports

c)Subsystem managers' belief that it is a status symbol to receive large numbers of internally generated reports

d)Inefficient subsystem manager decision making due to a lack of relevant information being available

e)all of the above

88. An example of an assurance service for a company engaged in electronic commerce is:

a)XBRL

b)Trust US

c)CITP

d)CPA Trust Services

89.Which of the following is not a component of the balanced scorecard?

a)Customer knowledge

b)Internal business processes

c)Transaction processing

d)Financial performance

90.Which of the following best describes assurance services?

a)Auditors are desperate to offer assurance services so that they will still

have business in the future

b)Assurance and auditing are closely related

c)Assurance is a guarantee that there is no fraud in a company

d)There are no likely assurance services that CPAs can offer that do not require

accountants to be well-trained in information technology

91.Information systems auditors are:

a)Auditors who are concerned with analyzing risks associated with computerized information systems

b)Individuals who often work closely with financial auditors

c)Auditors who have a lot of technical expertise related to information technology

d)all of the above

92. Which of these is a certification that accountants can earn that focuses on proficiency in information technology?

a)  CPA

b) CMA

c) CISA

d) CITP

93.       The designation for a licensed information systems audit professional is:

a)CPA

b)CMA

c)CIA

d)CISA

94. The certified information systems auditor certification is sponsored by:

a) ISACA

b) AICPA

c) IMA

d) none of these

95.Which of the following best describes “predictive analytics”?

a)It is a method auditors use to predict when managers might have a weak internal control system

b)It is a technique that uses data stored in data warehouses to create systems that allow managers to use their data to improve performance

c)It is a method used to prevent managers from overriding internal controls

d)none of the above

96. Which of the following describes “cloud computing”?

a) It is a is a way of using business applications over the Internet

b) It is an internal business process over the organizations intranet

c) It is an internal business process over the organizations extranet

d) none of these

97. Which one of the following best describes the performance elements contained in most balanced scorecards?

            Financial Nonfinancial

            Performance MeasuresPerformance Measures

a)No No

b)NoYes

c)YesNo

d)YesYes

98.The balanced scorecard provides an action plan for achieving competitive success by focusing management attention on critical success factors.  Which one of the following is not one of the competitive success factors commonly focused upon in the balanced scorecard?

a) Competitor business strategies

b) Financial performance measures

c) Internal business processes

d) Employee innovation and learning