ACCTG 38 MIDTERM EXAM

A worm is a software program that replicates itself in areas of idle memory until the system fails

• TRUE

• FALSE

To preserve audit trails in a CBIS environment, transaction logs are permanent records of transactions

• TRUE

• FALSE

A qualified opinion on management’s assessment of internal controls over the financial reporting system necessitates a qualified opinion on the financial statements?

• TRUE

• FALSE

The same internal control objectives apply to manual and computer-based information

• TRUE

• FALSE

A disaster recovery plan is a comprehensive statement of all actions to be taken after a disaster

• TRUE

• FALSE

A strong internal control system will increase the amount of substantive testing that must be performed.

• TRUE

• FALSE

Commercial software is more reliable than In-house developed systems

• TRUE

• FALSE

The first step in the SDLC is to develop a systems strategy. commercial software are less reliable than In-house developed systems

• TRUE

• FALSE

The objective of systems planning is to link systems projects to the strategic objectives of the firm.

• TRUE

• FALSE

System maintenance is often viewed as the first phase of a new development cycle.

• TRUE

• FALSE