Statement 1: Data sharing and communication of audit procedures and results between auditors of the same team are made possible with the use of word processing, spreadsheet and presentation tools, among others.

Statement 2: Electronic connectivity not only allows auditors to communicate but also provides access for audit clients to exchange information.

Statement 1: An advantage of having a central data repository for auditors is that it enables the saving and availability of past audit planning and documentation procedures such as risk assessment, audit schedules and budget data.

Statement 2: Database applications allows consolidation of data that can be used for future decision making by top management, for example analysis of audit budget vs actual, trend reports, etc.

Use of generalized audit software makes it possible to perform required functions directly on application files. Audit softwares can be used to:

1. Analyze and compare files

2. Conduct random samples

3. Prepare confirmation letters

4. Validation computations

5. Select specific records for examination

Statement 1: Information systems auditor cannot help determine compliance with a particular procedure for operational and financial auditors.

Statement 2: When an information systems auditor reviews the spreadsheets to understand the flow of a process and whether it provides a correct output from the input, (s)he needs to check the accuracy of formulas used.

Auditors use spreadsheets for analyzing data and forming opinions. Spreadsheets are even used or relied on by management for decision making. Which is not a risk that is associated with poor spreadsheet design?

This is a built-in test environment within a system that allows testing of the process for accuracy or reliability.

The following are problem areas in a processing cycle that an audit staff needs to identify:

1. Redundant processing of data

2. Bottlenecks that delay processing

3. Points in the operating cycle where there is lack of review of output reports

This type of sampling is used when the basis of sampling technique is the auditor’s experience, for example the sample will be pulled out from a particular region or function.

This is a CAAT that can assist IT auditors in evaluating the usability of a web site.

The following, except for one are elements of an effective career development plan. Which is not an element?

The following is an example of a career path for an IT auditor. Find the correct sequence.

1. Senior IT auditor

2. IT audit manager

3. Director of IT audit

4. IT audit staff

5. IT audit trainee

This refers to all training, certification and education that a worker needs to succeed in his or her career.

Which is not true about evaluating IT audit performance?

____________ is an integral part of the audit function because it supports the auditor’s judgment on the quality of computer system.

The following are types of IT audits.

1. Organizational IT audit

2. Technical IT audit

3. Application IT audit

4. Compliance IT audit

____________ is defined as information integrity, the level of confidence and trust that can be placed on the information, and service availability.

If CPA is for accountancy graduates, what is the certification applicable to IT auditors?

This is an area of work or career opportunity where the focus of work is on advising organizations on how to best use information technology in achieving their business objectives.

Effective IT governance can improve organizational performance by

1. Ensuring decisions and investments are aligned with organizational objectives

2. Establishing a framework for managing IT to deliver value to the organization

3. Ensuring adequate internal controls and regulatory compliance

The Board and senior management should be reminded of the value of IT. And that whenever a business process is automated, the effect to the organization is

This provides an overall picture of IT performance aligned to the objectives of the organization. Its is developed by listing the objectives of IT and establishing measurements that track performance against objectives.

IT governance is a relatively new subset of corporate governance that focuses on the management and assessment of strategic IT resources. The key objectives of IT governance are to reduce risk and ensure that investments in IT resources add value to the organization.